Notice of Cancellation in respect of War Risks for certain non-mutual covers
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- Notice of Cancellation in respect of War Risks for certain non-mutual covers
TO ALL MEMBERS
2 March 2026
1. NOTICE IS HEREBY GIVEN that for all Rules-based entries with a fixed limit, which include the War Risk Extension Clause, the liabilities covered under these clauses will exclude all loss, damage, liability, cost or expense occurring or arising in the waters specifically mentioned below:
(a) Iran and Iranian waters including coastal waters up to 12 nautical miles offshore; and
(b) Persian/Arabian Gulf and adjacent as defined.
DEFINITION: Persian/Arabian Gulf and adjacent waters including the Gulf of Oman and waters west of the line from Oman’s territorial limit off Cape al-Hadd at 22°42.5’N, 59°54.5’E northeast to the Iran-Pakistan border at 25°10.5’N, 61°37.5’E
Cover remains available for war risks that fall outside of this exclusion, subject to the other exclusions set out in your insurance policy. Cover under the War Risk Extension Clause may be cancelled by the Association on giving 72 hours’ notice (such cancellation becoming effective on the expiry of 72 hours from midnight on the day on which notice of cancellation is issued by the Association).
2. NOTICE IS HEREBY GIVEN that for all plain language entries with the Association, the “War risks” section under the heading “Your cover” in your liability insurance policy applies, but excluding all loss, damage, liability, cost or expense:
(a) Iran and Iranian waters including coastal waters up to 12 nautical miles offshore; and
(b) Persian/Arabian Gulf and adjacent as defined.
DEFINITION: Persian/Arabian Gulf and adjacent waters including the Gulf of Oman and waters west of the line from Oman’s territorial limit off Cape al-Hadd at 22°42.5’N, 59°54.5’E northeast to the Iran-Pakistan border at 25°10.5’N, 61°37.5’E
Cover remains available for War risks that fall outside of this exclusion, subject to the other exclusions set out in your insurance policy. We may terminate cover for war risks upon written notice by Us to You to discontinue war risks cover, with cancellation becoming effective on no less than the expiry of 72 hours from midnight on the day on which We issue notice of cancellation.
3. NOTICE IS HEREBY GIVEN that for all Rules-based entries subject to the limits of cover stipulated in the Rules of the Association (i.e. mutual cover), the cover provided under the War Risk Extension Clause remains available subject to other exclusions set out in your insurance policy. However for Members with non-poolable extensions to their cover that are subject to sub-limits, the “Iran-Persian/Arabian Gulf” exclusion contained in the above Notice to Rules-based entries with a fixed limit will apply to those extensions of cover.
All other terms and conditions remain unchanged.
This amendment will be effective from 23h59 GMT on Thursday 5 March 2026.