Joint War Committee

The Joint War Committee comprises underwriting representatives from both the Lloyd’s and IUA company markets, representing the interests of those who write marine hull war business in the London market. Click here for the Committee Terms of Reference. It usually meets quarterly.

Situation in Ukraine
The JWC has met to consider the developments in  the area. No changes were made to the JWLA but the region remains under close review.

Listed Areas

The current Listed Areas are detailed in JWLA021, released in June 2013 and last reviewed in September 2014.
Armed Guards
Legality is still questionable as many flag states have failed to clearly specify their position on armed guards, thus leaving legality an open question. UK insurance will in the first instance take account of Section 41 of the MIA, the implied warranty of legality under English law.

Indian Ocean
The area where ships are potential targets remains vast. The JWC Listed Area is currently similar to but not the same as the UKMTO and BMP areas but in part serves a similar purpose, to alert ships to the potential dangers. Pirate activity continues, although for the time being, at a reduced level. The US Executive Order effectively requires insurers to contact OFAC should they be involved in a piracy case.

Information

Best Management Practice

The current version is BMP4. This version includes details of self-protection measures and a feedback request to masters on the effectiveness of the anti-piracy actions taken by the vessel. Maintaining vigilance, and reporting to UKMTO and MSCHOA are fundamental but only part of what prudent owners should do. It is clearly necessary for adequate training and regular practice to be given to crews to enable them to respond effectively when under attack or threat. Low speed and low freeboard remain factors which significantly increase the vulnerability of ships.

UKHO has produced this chart which neatly summarises the situation.

Somalia background 

Bulletins/Circulars

The following circulars have been issued by the JWC, including the latest Listed Areas, released 12 June 2013.

Wordings

The JWC issues wordings and clauses from time to time which are available for market use. Below are the wordings which allow underwriters to put the piracy peril into the war policy.
 
Contact us
Neil Roberts
Senior Executive, Underwriting

Useful websites

IUMI website