We draw our members attention to the fact that the Joint War Committee has updated the Hull War, Piracy, Terrorism and Related Perils Listed Areas to include the Ukrainian and Russian waters in the Black Sea and the Sea of Azov, as per their recent circular. As a result insurance cover may be prejudiced when travelling to these areas and additional insurance required. In light of the regional tensions and developments we would recommend only proceeding to this area when necessary and seek advance guidance from agents locally and from your underwriters to ensure compliance with any requirements.
We also draw our members attention that new sanctions have been announced. We recommend that additional sanction checks be conducted as necessary. We will publish a separate circular on sanctions once more details are available.
Download: JWLA-028 Black Sea and Sea of Azov-1.pdf