War Risk

War Risk is an additional risk in marine cargo transportation insurance that covers cargo losses caused by war, civil war, revolution, rebellion, hostile acts, or piracy. It cannot be insured separately and must be added on the basis of a basic risk (such as Free from Particular Average, With Particular Average, or All Risks). Usage scenarios: When goods pass through or are shipped to regions with political instability and high war risk, the buyer and seller or the letter of credit will require War Risk insurance. Precautions: The coverage of War Risk does not include losses caused by nuclear weapons other than conventional weapons; the insurance liability period generally adopts the "waterborne peril" principle, meaning it is limited only to the period of waterborne transportation and does not extend to land. Difference from "Strikes Risk": War Risk mainly covers losses caused by acts of war, while Strikes Risk covers risks such as strikes, lockouts, and labor disturbances. The two are often insured together but have different scopes of liability. Foreign trade practitioners need to accurately determine whether to add War Risk insurance based on contract and letter of credit requirements, and pay attention to the exclusions in the insurance clauses.