Seafarers have encountered a variety of security threats when operating ships. At the time of writing, two tankers had just been attacked in the Straits of Hormuz. The costs of responding to these security threats has been reflected in the disputes handled by ITIC. When transiting high-risk areas, it is important to ensure that the ship has war risks insurance. Care must be taken when negotiating terms in shipmanagement and commercial management agreements as to who is responsible for arranging such insurance. The wording in BIMCO Shipman 09 provides a clear division of responsibilities. Similarly, care must be taken when arranging fixtures. ITIC was notified of an incident with commercial managers who had negotiated a voyage charter with an East African discharge range. The charterers were concerned about the potential costs of additional war risks insurance which, if applicable, were to be for their account. The manager discussed the position with the owners, who told them they could agree a lump sum of $150,000. The managers sent an email to the charterers explaining that the additional cost for the East Africa range was $150,000.
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