BIMCO Approves Revisions To War Risk Clauses

BIMCO Updates War Risk Clauses to Address Shipping Industry Challenges

The BIMCO Documentary Committee has approved revisions to its War Risk Clauses to address evolving geopolitical challenges in the shipping industry. Updated versions include the VOYWAR 2025 and CONWARTIME 2025 clauses. Chairperson Nicholas Fell stressed the importance of reflecting conflicts accurately. The committee also discussed war risk insurance aspects.

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