P&I Clubs // Excess War P&I Risks – Russia, Ukraine & Belarus (RUB) Sub-limit $80m
In view of the ongoing war between Russia and Ukraine, the International Group P&I Clubs are now offering cover for vessels transiting and/or calling within ALL Russian waters including their coastal waters up to 12 nautical miles offshore, and Certain European waters (as defined below) but at a new Excess War Risk sublimit of $80m any one event, each vessel.
Certain European waters:
1) Sea of Azov and Black Sea waters enclosed by the following boundaries
- a) On the west, around Romanian waters, from the Ukraine-Romania border at 45° 10.858’N, 29° 45.929’E to high seas point 45° 11.235’N, 29° 51.140’E
- b) thence to high seas point 45° 11.474’N, 29° 59.563’E and on to high seas point 45° 5.354’N, 30° 2.408’E
- c) thence to high seas point 44° 46.625’N, 30° 58.722’E and on to high seas point 44° 44.244’N, 31° 10.497’E
- d) thence to high seas point 44° 2.877’N, 31° 24.602’E and on to high seas point 43° 27.091’N, 31° 19.954’E
- e) and then east to the Russia-Georgia border at 43° 23.126’N, 40° 0.599’E
2) All inland waters of Ukraine
3) Inland waters of Russia within the following areas:
- Crimean Peninsula
- River Don, from Sea of Azov to vertical line at 41° E
- River Donets, from River Don to Ukraine border
4) All inland waters of Belarus south of horizontal line at 52° 30’ N
The International Group’s Excess war cover Limit for all other regions will remain unaffected at $500m (as before).
The International Group policy provides Excess cover for War P&I risks and hence, shipowners should also have primary War cover in place.
Please refer to the below for more information:
