In a response to attacks on four vessels off Fujairah on 12 May,
the Joint War Committee (comprising representatives involved in
writing marine hull war business in both the Lloyd's and IUA
company markets) has updated its Listed Areas (JWLA024) to reflect the perceived heightened
risk across the region.
The additions to the existing Listed Areas are:
- Oman
- Persian or Arabian Gulf and adjacent
waters including the Gulf of Oman west of Longitude 58°E
- United Arab Emirates
Saudi Arabia (excluding transits) was already included in the
previous List, but this has been amended so that all trade on the
Gulf coast of the country, including transits, is now included.
Trade in these areas must be declared under insurance policies to
which JWLA024 is applicable and additional premium may be payable,
to be negotiated on a case by case basis.
