Cover details

War risks cover is all about protecting your vessel for the risk that your standard hull insurance and P&I insurance exclude. This is far more than the high profile piracy or acts of terrorism that feature in the news.

Hellenic War Risks offers one of the most comprehensive policies available, protecting your fleet from malicious damage or loss from third parties, virtually everywhere.

Our Rules booklet provides the full detail, but here is an overview of the areas of protection offered:

Cover against hull or freight damage

This includes loss of or damage to the hull and/or freight caused by:

war, civil war, revolution, rebellion, insurrection or civil strife arising therefrom, any hostile act by or against a belligerent power
capture, seizure, arrest, restraint or detainment
mines, torpedoes, bombs or any other weapons of war
strikers or others taking part in labour disturbances, riots or civil commotion, terrorists or any person acting maliciously or from a political motive
piracy or violent theft
confiscation or expropriation.

Cover for detention or diversions

In addition, your Hellenic War Risks cover insures you against the risk of various losses and expenses due to detention or diversion, which is caused by:

warlike operations, civil war, revolution
any hostile act by or against a belligerent power
compliance with any order, prohibition or direction made or imposed by the Directors to avoid any insured loss to the hull or freight
compliance with any order, prohibition or direction made by any government with the right to give such orders, or made by any other government or military authority for the purpose of furthering its political aims.

Cover for P&I claims related to war risks

The club also offers Members cover for P&I claims arising out of or in consequence of a war risk that will be excluded in mainstream P&I cover. This includes:

loss of life
personal injury
illness, expenses in respect of captured or detained crew
collision, damage to fixed and floating objects
wreck removal and cargo claims.

07/12/2023

Rules 2024

Download the Association's Rules for the 2024 Policy Year.

Should you encounter an incident of any kind, our team is here to help.

Find out more

View our latest Rules & Circulars

Loss of Hire cover

Members have the option to take additional cover against loss of hire, should a vessel be detained or be damaged and put out of action. This is an added extra that can be added to each ship’s policy.

Contraband / Drugseize cover

The Association will also offers insurance which covers hire lost when a ship is detained or seized when drugs, or other contraband, are discovered on board. This is an optional additional insurance, offered under Rule 2F. Members who are interested in purchasing this cover should contact the Managers’ Agents for further details. The cover is available on a stand-alone basis and Members do not have to purchase war loss of hire cover to purchase this additional cover.

General exclusions

Our Hellenic War Risks cover is subject to general exclusions including:

losses covered by hull policies (ITC-Hulls)
losses due to war between any of the following: The United Kingdom, The United States of America, France, The Russian Federation, The People’s Republic of China (“The Five Powers”)
losses due to chemical, biological, bio-chemical and electromagnetic weapons or computer viruses

Cover is also subject to seven days’ notice of cancellation, with reinstatement after expiry on new rates, terms or conditions. This provision is used to allow the addition of new Additional Premium (“AP”) areas.

Limits

Our cover is subject to separate limits of:

the ship's value for hull and machinery up to US$400 million
for war risks P&I liabilities including crew, US$400 million

Hellenic War Risks, on your side

Should the worst happen, you have an experienced team overseen by your shipping community, there to help.