1. Advance contribution ratesThe Advance Contribution Rates for the 2025/2026 Policy Year have been agreed, and renewal terms will be notified to members individually.A reduction may be granted for ships trading exclusively in one of the following areas:Europe (including the Mediterranean, other than in Additional Premium Areas)USA and Canada (excluding Panama Canal transits)AustralasiaExtensions to trading outside any of these areas will be covered on the basis of a minimum period of three months.2. Additional Premium AreasThe additional premium areas with effect from noon 20 February 2025 will be:AfricaBeninCabo Delgado, waters as defined belowEritrea, but only South of 18° NGulf of Guinea, waters as defined belowLibyaNigeriaSomaliaSudanTogoEuropeSea of Azov and Black Sea waters plus inland waters as defined belowIndian Ocean, Gulf of Aden and Southern Red SeaWaters as defined belowAsiaPakistanMiddle EastIranIraq, including all Iraqi offshore oil terminalsIsraelLebanonOman (Musandam Governorate)Persian or Arabian Gulf and adjacent waters as defined belowSaudi Arabia (Gulf coast)Saudi Arabia (Red Sea coast) excluding transitsSyriaUnited Arab EmiratesYemenRussiaSouth AmericaGuyana, but only calls to offshore installations in the Guyanese EEZ beyond territorial watersVenezuela, including all offshore installations in the Venezuelan EEZDefined WatersNamed Countries shall include their coastal waters up to 12 nautical miles offshore, unless specifically varied above.Named Ports shall include all facilities/terminals within areas controlled by the relevant port authority/ies (or as may be more precisely defined by Insurers) including offshore terminals/facilities, and all waters within 12 nautical miles of such but not exceeding 12 nautical miles offshore unless specifically stated.Europe1) Sea of Azov and Black Sea waters enclosed by the following boundariesa) On the west, around Romanian waters, from the Ukraine-Romania border at 45° 10.858’N, 29° 45.929’E to high seas point 45° 11.235’N, 29° 51.140’Eb) thence to high seas point 45° 11.474’N, 29° 59.563’E and on to high seas point 45° 5.354’N, 30° 2.408’Ec) thence to high seas point 44° 46.625’N, 30° 58.722’E and on to high seas point 44° 44.244’N, 31° 10.497’Ed) thence to high seas point 44° 2.877’N, 31° 24.602’E and on to high seas point 43° 27.091’N, 31° 19.954’Ee) and then east to the Russia-Georgia border at 43° 23.126’N, 40° 0.599’E2) All inland waters of Ukraine, including inland waters within Crimea and other Ukrainian territories under Russian control3) Inland waters of Russia within the following areas:a) River Don, from Sea of Azov to vertical line at 41° Eb) River Donets, from River Don to Ukraine border4) All inland waters of Belarus south of horizontal line at 52° 30’ NCabo DelgadoThe territorial sea of Mozambique and Tanzania enclosed by the following boundaries:a) To the north, from Mnazi Bay at 10°19.6’S, 40°18.9’E to high seas point at 10° 10.3’ S, 40° 34.44′ Eb) To the south, from Baía do Lúrio at 13°30’S, 40°31.6’E to high seas point 13° 29.97’ S, 40° 49.7′ E.Gulf of GuineaThe waters enclosed by the following boundaries:a) On the west, from the coast of Togo 6° 06′ 45″ N, 1°12′E, south tob) high seas point 0° 40′ S, 3° 00′ Ec) and then east to Cape Lopez Peninsula, Gabon 0°40′S, 8° 42′E.Indian Ocean, Gulf of Aden and Southern Red SeaThe waters enclosed by the following boundaries:a) On the northwest, by the Red Sea, south of Latitude 18° Nb) on the northeast, from the Yemen border at 16°38.5’N, 53°6.5’E to high seas point 14°55’N, 53°50’Ec) on the east, by a line from high seas point 14°55’N, 53°50’E to high seas point 10°48’N, 60°15’E, thence to high seas point 6°45’S, 48°45’Ed) and on the southwest, by the Somalia border at 1°40’S, 41°34’E, to high seas point 6°45’S, 48°45’Eexcepting coastal waters of adjoining territories up to 12 nautical miles offshore unless otherwise provided.Persian or Arabian GulfPersian or Arabian Gulf and adjacent waters including