Detailed view for this entity.
“When the war started on 28th February, the war risk insurance covers sat there and said, 'Okay, everybody hold. Don't go through the straight of war moves because we are going to cancel your war risk and you're going to have to renegotiate a new war risk.'”
“It's those insurers that have to um get the right premium for for war risk who want to cancel contracts, declare force majour, and get a uh a higher premium for continuing to operate in the area. That's caused a lot of the ships in the Gulf to just drop anchor and wait for further instructions.”