Emergency Contact Notice of Alteration to Terms and Conditions of Insurance Home Latest updates News Notice of Alteration to Terms and Conditions of Insurance 12 Feb 2024 Download View Notice PDF Sign up for alerts Following recent, well-documented attacks on commercial shipping transiting the Red Sea, various changes in reinsurance coverage relating to war risks for the region will become effective on 20 February 2024 via a Notice of Cancellation issued by reinsurers. The changes apply an exclusion from cover for war risks based on geographical limits that are deemed to be key high risk areas for such attacks. Via the attached Notice of Alteration to Terms and Conditions, the Association’s own extension to cover for such war risks will from 20 February 2024 mirror the exclusion, as applicable to our non-mutual, fixed premium (i.e. non-pooled and non-poolable) covers. Pooled cover remains unaffected (with the exception of any non-poolable extensions that may apply, for example the Association’s Core and Enhanced Offshore packages, etc).   For the purposes of the attached Notice: the term “ Rules-based ” means fixed premium cover that falls outside of the standard, poolable cover of the Association, but that incorporates all of the terms and conditions of those Rules unless they cease to apply by virtue of the provisions of that additional cover; the term “ plain language policies ” refers to the fixed premium alternatives to standard P&I offered by the Association in respect of certain vessel types including: Fishing, Inland, Passenger, Yachts, Autonomous Vessels and Dive Boats. Attached Notice of Alteration to Terms and Conditions dated 12 February 2024: TO ALL MEMBERS 12 February 2024 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 relating to: (a)    Indian Ocean, Gul