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Libya – increase in war risk premium
Political and social instability increases carriers' insurance costs
We are very sorry to inform you that, due to the serious political and social situation in Libya, insurance companies are dramatically increasing their premiums.
As a consequence, we are forced to increase the war risk to Libyan ports as follows:
USD 150/TEU (for tariffs in USD)
This amount will be applied to all containers starting from 10th March as date of sailing at any Port of loading.
Any possible further increase will be advised immediately.