Following new requirements from the Club’s war risk re-insurers members are kindly advised about a new procedure which must be followed in order for members to obtain war risk reinsurance when calling Iran or Syria.
The procedure is as follows:
- The Member notifies the Club before each call to any Syrian and Iranian port, as well as any offshore facility within the countries’ respective territorial waters
- The Club provides the member with a questionnaire that member completes in full and returns to the Club
- The Club sends the questionnaire to the war risk reinsurers who performs a due diligence check
- In case the due diligence check is successful the Club may confirm cover to the member
This procedure may take up to a week. It is therefore important that the Club receives as early notice as possible about any War Insurance Breach of Warranty Call to Iran or Syria so that cover can be confirmed before the voyage is undertaken. The voyage will not be covered unless the Club has confirmed to the member that cover is in place.
The present version of the questionnaire may be reviewed as an attachment to this Member Alert. The questionnaire may be subject to changes and the Club will provide the latest version upon notice as per (1) above.
Member Alert is published by The Swedish Club as a service to members. While the information is believed correct, the Club cannot assume responsibility for completeness or accuracy.