Glossary
Terms & Glossaries of Shipping and Trading
In shipping, "War Risk" refers to the potential risks and hazards associated with operating a vessel in areas of political unrest or conflict. This can include risks such as damage to the ship or cargo, detention of the ship, or injury or loss of life to crew members. War Risk insurance is often purchased by ship owners and operators to protect against these types of risks. The cost of War Risk insurance can vary depending on the level of risk associated with a particular shipping route or destination.