Kuzey Insurance shared the updated report published by the Lloyds’ Market Association (LMO) Joint War Committee and stated that as of today, Russia and Ukraine waters in the Black Sea and Azov Seas have been added to the risk of the war zone.
“As of today, Ukraine and Russia have been added to the Risk of War zones. In case of going to these regions, we recommend that you purchase an extra war risk cover from your Boat Makine insurer.” said in the statement.
In addition to the risk of war, regions with piracy, terrorism, and related risks were listed in the report.