Standard cargo and hull wordings ordinarily exclude the war perils and, separately, the strikes, riots and civil commotion perils. Cover for those is bought back through separate clauses, which is why war risk exists as a distinct product with its own premium rather than as part of the main policy. Two features matter when a route turns dangerous. War risk cover is typically written so that underwriters may cancel it at short notice or reprice a listed area, which means the protection held today may not be the protection held next week. And because the same events are commonly rated by area, a change of voyage can change the price sharply. Confirm the cancellation provision and the listed areas before committing to a routing.
Why nothing is quoted here. This lexicon quotes only text it has actually read, from the body that issued it. The instrument described above has a real owner, named in the paragraph, but that owner does not publish the operative wording openly, and reproductions circulating on brokers’, carriers’ and consultants’ websites are not the issuing body’s publication and are not treated as the source. So this entry describes the instrument’s role and structure and stops there. For the wording that will actually govern your transaction, go to the issuing body — and read the version your contract incorporates, since these texts are revised.