Skuld: Continued exclusion and buy-back solution in respect of certain war risks in Marine Insurance P&I Club News 18/02/2026 We refer to our Circular dated 12 February 2024 “General notice of cancellation in respect of certain war risks” and confirm that the same exclusion terms apply for the 2026/2027 policy year to the War Risk Cover under the following Terms & Conditions: Owners’ Fixed P&I, Charterers Cover, Offshore, Yachts, Yacht Crew Liability and Optional Covers for the following territory: Within the territorial waters of any of the following countries or places (including any port area that at the date of this notice constitutes part of such a country or place however it may hereafter be described): Indian Ocean, Gulf of Aden and Southern Red Sea. The waters enclosed by the following boundaries: a) on the northwest, by the Red Sea, south of Latitude 18°N b) on the northeast, from the Yemen border at 16°38.5’N, 53°6.5’E to high seas point 14°55’N, 53°50’E c) on the east, by a line from high seas point 14°55’N, 53°50’E to high seas point 10°48’N, 60°15’E, thence to high seas point 6°45’S, 48°45’E d) and on the southwest, by the Somalia border at 1°40’S, 41°34’E, to high seas point 6°45’S, 48°45’E excepting coastal waters of adjoining territories up to 12 nautical miles offshore unless otherwise provided. We also refer to the Circular dated 16 February 2024 “Buy-back cover available in respect of certain war risks” and confirm that the buy-back solution is also available for the 2025/2026 policy year. For detailed terms and rates of the buy-back solution please contact your underwriter in Skuld. We remind that the exclusion does not affect mutual P&I, War and FD&D cover and the Excess War Risks cover afforded to Assureds with mutual P&I Cover. Source: Skuld 2026-02-18 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share