Please note that only certain trade to Venezuela is permitted, please see Circular C1-2023 for details.
Please also refer to Circular C4-2020 for further details regarding the Venezuela Trade Prohibition.
Members must follow / observe the terms of Rule 25 (Additional Premium). An Insured Owner is required to give the Association written notice before an Entered Ship proceeds to an AP Area. If notice is not given as required, the Entered Ship has no cover while in the AP Area.
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The ports, places, countries, zones and areas listed shall include all harbours, offshore installations and terminals unless otherwise stated.
IMB reports maritime kidnapping at a 10 year high
More crew were kidnapped at sea in 2016 than in any of the previous 10 years. The ICC International Maritime Bureau's (IMB) annual piracy report published on the 10th January reveals a three-fold increase in kidnappings since 2015 despite global piracy reaching its lowest levels since 1998.