New war risks insurance conditions for maritime sector
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Janice Heng
Singapore
SINGAPORE'S maritime community can enjoy enhanced coverage for war risks under new insurance conditions launched on Tuesday night at the Singapore Shipping Association's (SSA) annual Lunar New Year cocktail reception.
The new Singapore War Risks Insurance Conditions (SRWIC) are an enhancement to the existing Singapore War Risks Mutual (SWRM) insurance facility, launched in 2015 and covering almost 800 ships to date.
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