Published 12 August 2026
Gard P. & I. (Bermuda) Ltd., Assuranceforeningen Gard - gjensidig -, Gard Marine & Energy Limited, and Gard Marine & Energy Insurance (Europe) AS (together referred to as the “Insurers") have today received Notice of Cancellation from their reinsurers in respect of war risks in the Indian Ocean, Gulf of Aden and Red Sea. As a result, it is necessary for the Insurers to issue Notice of Cancellation in respect of the affected insurance covers.
For the avoidance of doubt, this cancellation does not introduce a new exclusion but expands the existing Red Sea exclusion set out in Member Circular 19/2023 in accordance with the below.
Please also note that this notice does not affect the Excess War Risks cover afforded to Assureds with mutual P&I Cover.
You are hereby notified that the cover against war risks as defined and as afforded under the following insurance cover(s):
P&I Cover for Charterers
P&I Cover for Traders
Comprehensive General Liability for Charterers
Extended Liability for Charterers
Charterers Bunkers Cover
Comprehensive Carriers' Liability Cover
P&I Insurance for MOUs
Comprehensive General Liability for MOUs
Fixed premium Crew Cover for Ships
Crew Cover for MOUs
Extended Crew Cover
Tour Operator Passenger Liability Cover
Deviation Liability Cover
Diver Cover
Comprehensive General Liability for Ships
Charterers Loss of Freight Cover
Drug Seize
Charterers Extra Costs
Charterers Interest Insurance
Purchasers Interest Insurance
will be cancelled in in accordance with the notice of cancellation clauses incorporated into the insurance cover(s) listed above, pursuant to which minimum 72 hours’ notice is required.Cancellation is notified by this Notice of Cancellation (the “Notice”) dated 12 August 2026 and will become effective from 00:01 hours GMT on 16 August 2026.
This Notice shall apply to all persons and/or companies named as Assureds and/or Co-assureds in Certificates of Entry and/or Endorsement and/or Insurance Policies, as applicable, evidencing the insurance cover(s) listed above. Where the insurance cover listed above is a reinsurance cover, any reference in this Notice to “Assured” or “insurance” shall be understood to mean “Reassured” and “reinsurance” respectively.
This Notice supersedes any other terms with respect to war risks which may be agreed in the individual Certificates of Entry and/or Endorsement and/or Insurance Policies, as applicable, evidencing the insurance cover(s) listed above.
This Notice applies only to the war risk cover under the above-listed insurance covers, all other terms of the relevant insurance cover remain unchanged.
At the same time as cancellation becomes effective on 00:01 GMT on 16 August 2026, the war risk cover will be automatically reinstated with the clause set out below deemed to be endorsed upon all Certificates of Entry and/or Endorsement and/or Insurance Policies, as applicable, evidencing the above-listed insurance cover(s) and form part of same insurance covers:
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This insurance excludes liabilities, losses, costs and expenses caused by or arising out of or in any way connected to War risks occurring or arising in the waters specifically mentioned below:
Indian Ocean, Gulf of Aden and Red Sea
The waters enclosed by the following (the Boundaries):
a) on the northwest, by the Red Sea, south of Latitude 25°30’N
b) on the northeast, from the Yemen border at 16°38.5’N, 53°6.5’E to high seas point 14°55’N, 53°50’E
c) on the east, by a line from high seas point 14°55’N, 53°50’E to high seas point 10°48’N, 60°15’E, thence to high seas point 6°45’S, 48°45’E
d) and on the southwest, by the Somalia border at 1°40’S, 41°34’E, to high seas point 6°45’S, 48°45’E
excepting coastal waters up to 12 nautical miles offshore of territories which are wholly or in part within the Boundaries.
The coastal waters exception above does not include the Bab el-Mandeb Traffic Separation Scheme, the Red Sea coast of Saudi Arabia that lies within the Boundaries, or the Yemeni coast.
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This Notice shall apply equally to any insurance offers from the Insurers not yet accepted and for which Certificates of Entry and/or Endorsement and/or Insurance Policies, as applicable, have not been issued. These insurance offers are amended to incorporate the clause set out directly above, all other terms of the offer remaining the same.
The current buy-back solutions offered by the Insurers will be amended to include the expanded areas and new terms and conditions are expected to be available within short.
If you have any questions about this Notice please contact Bjørnar Andersen, Group Chief Underwriting Officer or Audun Pettersen, Chief Underwriting Officer, Europe.
Yours faithfully,
GARD AS Rolf Thore Roppestad Chief Executive Officer
Gard is a member of
