War Risk

Tags: Glossary

The risk of loss or damage to cargo or vessels due to war or other political unrest.

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What does War Risk mean?

War risk is a term used in shipping to describe the increased risk of loss or damage to cargo, vessels, or crew due to acts of war, piracy, terrorism, or other hostile actions. War risk may impact shipping routes, insurance premiums, and shipping schedules, and may require special security measures or precautions. 

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