The Hellenic War Risks Association has released the Circular detailing Terms for 2017 policy year.
For your ease of reference, we have highlighted in yellow all changes/ amendments from previous policy year and have further included our comments, where applicable.
We trust that the below is of assistance as it provides a clear comparison between 2016 and 2017 policy years.
As you will note, a further reduction of 30% is granted for 2017 Policy Year, whereas the Invoices/ Payments procedure of Advance Contribution will now be smoother as premium is payable in one (1) installment this year due on 1/2/2017.[ Hellenic War Risks Association – Rates and Terms for the 2017 Policy Year ]