War Risks Class

The club provides all members with excess P&I war risks cover of $500m excess of the ship’s value (deemed not to exceed $100m).

In addition, the club can provide full primary hull and P&I war risks cover under the club’s War Risks class. The Standard War Risks class is a member of the Combined Group of War Risks Clubs and benefits from extensive reinsurance providing members with comprehensive and high-limit cover. The class benefits from an ‘Omnibus’ Rule, not found in commercial covers. The class’s membership is open to all nationalities of ship/operator.

• War Hull cover insures physical loss or damage, loss of hire, and detention and diversion expenses caused by war, civil war, revolution, rebellion, insurrection, or civil strife arising therefrom, or any hostile act by or against a belligerent power. Rates are annual and not subject to seven days’ notice of cancellation and the limit is hull value. APs for excluded areas are very competitive.
• War P&I cover provides primary P&I cover for liabilities arising from war and the limit is $500m irrespective of hull value.

For any Underwriting Enquiries please contact the War Risks team at war.class@ctplc.com.