News Details

Venezuela War Risk Premium surcharge


Amid the imposition of sanctions related to Venezuela, and the ongoing political volatility in that country, MSC is applying, with immediate effect, a War Risk Premium surcharge on cargo coming from worldwide destinations into Venezuela, informed an official communiqué.


Some other lines are also likely to follow suit, it is learnt.


The UK War Risks site says that the additional premiums in Venezuelan waters are in response to a number of expropriations of ships and other maritime assets by the Venezuelan government via its national shipping and port companies, reports said.


Source : Exim News Service - Geneva, June 11



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