Ships worth $440mn stranded in Ukraine as invasion anniversary looms: Skytek
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Ships worth $440mn stranded in Ukraine as invasion anniversary looms: Skytek

Abbie Wood
23 February 2023
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
Ukrainian flag flies from the stern of a ship in the Black Sea port of Odessa, Ukraine.jpg

Some 58 ships with an aggregate market value of $440mn remained trapped in Ukrainian seaports on 21 February, shortly before the one-year anniversary of Russia’s invasion, according to a report issued by Skytek.

The software company’s report stated that under the Institute War & Strikes Clauses (IWSC), owners are entitled to claim a constructive total loss for the 58 vessels, assuming that they are insured under the IWSC.

Using

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsMajor lossesGlobal insurersMarine
abbie wood 2024 ii red 2.png
Abbie Wood
Reporter
Contact
Gift this article