War Risk Insurance Calculator

A rate-controlled war-risk calculation

Enter the vessel’s proposed insured value, risk rate, route and coverage period. For a purely hypothetical rate of 0.50%, USD 10 million × 0.50% = USD 50,000. The 0.50% example is not a current market quote or an offered MarineEnergyCover war-risk rate.

A quoted rate must be tied to its period and geographic scope. A percentage for one transit is not comparable to a 12-month arrangement simply because the vessel value is the same. This calculator does not infer or prorate a rate from voyage duration.

Separate war risks from standard hull cover

War-risk cover must be identified in the applicable contract rather than inferred from a standard hull policy. Insured perils, trading restrictions, cancellation provisions and excluded circumstances depend on the chosen wording. The Nordic Plan is one example of a framework that addresses war risks separately; it is not automatically the wording for this enquiry.

Reference: Nordic Marine Insurance Plan, Chapter 15: war-risk insurance. This reference describes its own framework and does not establish MarineEnergyCover’s authority or the terms of an individual placement.

Disclose the actual voyage

• Vessel identity, ownership, management, flag and crew information.
• Proposed route, ports, transit window and any anticipated deviation or waiting.
• Cargo, operational profile, security measures and reporting arrangements.
• Existing hull and war-risk terms, required limits and the source and period of any supplied rate.

When to select the dedicated Hormuz calculator

Use the Strait of Hormuz selection when you want to see the website’s specific 5% indicative formula. Use this general war-risk calculator when the relevant risk rate must be entered for a different or individually assessed enquiry. Neither calculator is a navigational safety assessment or confirmation of sanctions compliance.