Most sea routes used by multinational carriers are passing through or near active war regions or potential war risk related areas.
Especially issuing banks in letter of credit transactions should take war risks very seriously and demand an insurance policy covering war risks.
Today I would like to explain the importance of "Institute War Clauses" in international insurance policies.
After reading this short article you should be able to understand whether current cargo insurance clauses cover war risks or not and how to get insured against war risks.
