We have already informed you about the situation in the “Red Sea” and the passage through the Suez Canal in one of our newsletters. The topic is certainly well known from media reports and publications by shipping companies. Now the insurance industry has also reacted to this extremely dynamic situation. The leading insurers on the European market have cancelled the DTV clause “war, strike, riot” in the area of goods transport insurance for the geographical area described in more detail below.
Excluded are the risks in the sea area of the Indian Ocean, Gulf of Aden and southern Red Sea, within the following limits:
- in the north-west: through the Red Sea, south of the 18th parallel north,
- in the north-east: from the Yemeni border from the geographical point with the coordinates 16°38.5’N, 53°6.5’E to the point in the high seas with the coordinates 14°55’N, 53°50’E – in the east: through the line in the High Seas from the point with the coordinates 14°55’N, 53°50’E via the point with the coordinates 10°48’N, 60°15’E to the point 6°45’S,48°45’E.zum Punkt 6°45’S,48°45’E.
- and to the south-west: by the Somali border from the geographical point with the coordinates 1°40’S,41°34’E to the point in the high seas with the coordinates 6°45’S,48°45’E with the exception of the coastal waters of the neighbouring areas up to a distance of distance of 12 nautical miles from the coast.
A rough non-binding representation of the exclusion zone purely for visual orientation:
What does this mean in concrete terms?
We are happy to continue processing your insurance orders. However, we must notify the insurer in advance.
What can no longer be offered in the area described is the “war, strike, riot” clause, so that damage resulting from one of these acts can no longer be insured. All other risks – unless excluded or uninsurable – can still be covered by goods transport insurance.
For the sake of order, we would like to draw your attention to the liability situation. All transport companies [freight forwarders, carriers, shipping companies, etc.] are generally exempt from liability if the damaging event is based on a warlike or terrorist act. We would also like to take this opportunity to point out once again the restrictions in the area of liability and insurance for transports to Russia, Ukraine and neighbouring areas – we already provided information on this some time ago.
If you have any further questions, we will be happy to advise you. We also recommend that you contact your insurer.
Your SCHÄFER&SIS INTERLOGISTIK® Team