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The Joint War Committee (JWC) has amended the Listed Areas and we hereby give notice of cancellation with effect from 6th April 2022... Read more
Cargo boat sailing in a rough sea

The Ukraine Crisis

Update on the Ukraine situation and trade to Russia, Ukraine and Belarus

The sanctions programmes related to the Ukraine situation has under a short period of time expanded and become very complex.

We urge our clients to continuously assess the situation and evaluate whether sanctions may be applicable to their business and trade involving Ukraine, Russia and Belarus, and if so, whether a general license might be required, as the prohibitions on export and import to and from Russia has expanded.

We kindly remind that it is the client’s obligation to ensure sanctions compliance, including a thorough due diligence ensuring transparency on counterparties and confirming origin of cargo. Due to the complexity, we recommend clients to seek external legal advice under any uncertainty, as a failure to comply with the EU, UN, UK and the US sanctions legislation will have implications for the insurance cover.

In addition to sanctions exposure, we recommend clients to monitor flag state(s) information regarding the current situation, as well as to include other aspects in their assessments, such as potential practical problems that may arise with payments, the security situation in general rights of the crew.

For further information on the development, we recommend monitoring the below websites.

Please contact your underwriter where specific questions in regard to insurance cover may arise.

News updates

Green cargo ship moving in still water of Baltic sea_shutterstock_601335962

JWLA-030, JWC Listed Areas

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Ukraine-russia,Crisis.,3d,Rendering,Illustration,Map,Of,Europe,With,Ukraine

Update on the Ukraine situation and trade to Russia, Ukraine and Belarus

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Ukraine,In,Close,Up,On,The,Map,,,Old,Ukraine

General information on the Ukraine situation

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jwla-029

New listed areas – JWLA-029

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Large bulk carrier general cargo ship sailing / docking in open ocean_shutterstock_707658898

JWLA-028 Black Sea and Sea of Azov

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