No.1 2026/27 – Notice of Cancellation in respect of non-mutual War Risk Business in Marine Insurance P&I Club News 03/03/2026 March 2026 – Following the recent developments, the Association has received notice of cancellation from its reinsurers in respect of war risks liabilities arising in Iran and the Persian/Arabian Gulf. This new exclusion does not apply to Mutual P&I and FD&D cover. Notice of Cancellation is hereby given that, with effect from 72 hours after 00:00 hrs (GMT) on the 1st March 2026, the following exclusion will apply in respect of War Risks coverage as set out in the Rules of the Association and/or terms of entry on all non-mutual business including but not limited to; Charterers’ Liability Cover Fixed Premium owners cover Non-Poolable extended covers to Mutual entries and Fixed Premium P&I Cover. The excluded areas have been determined as follows: Iran and Iranian waters including coastal waters up to 12 nautical miles offshore Persian/Arabian Gulf and adjacent waters as defined Definition: Persian/Arabian Gulf and adjacent waters including the Gulf of Oman and waters west of the line from Oman’s territorial limit off Cape al-Ḥadd at 22°42.5’N, 59°54.5’E northeast to the Iran-Pakistan border at 25°10.5’N, 61°37.5’E Further information shall be released shortly regarding necessary buy-back provisions. If you have any questions about this Notice please reach out to your usual point of contact or undersigned. Source: West of England 2026-03-03 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