Compensation is provided by Israel for ships damaged during war

Israel has announced that it will provide compensation for ships damaged during the recent war in Gaza. The country relies on its seaports for trade and supplies, and the Israel Tax Authority has stated that compensation will be provided for any war damage inflicted on Israeli or foreign ships in Israel’s economic waters. The compensation rate is 100% of the actual damage, defined as the difference in the value of the asset before and after the incident.

To minimize risks to incoming ships, the Israeli government has taken steps to protect its ports, stating that they are “strictly protected strategic facilities.” The Iron Dome air defense system has proven to be effective in defending against rocket attacks. Despite the increase in the number of ships calling at Israeli ports and some vessels being diverted, there have been no incidents or damage to arriving ships during the conflict.

The Port of Ashdod, the major southern port near Gaza, has suspended operations due to the situation. However, port officials are reassuring importers and shipping companies that they are dealing with the situation and ensuring safety. The ongoing conflict has raised concerns about the safety of ships and trade in the region, prompting Israel to provide compensation and take measures to protect its ports.

Source .