JWC listed areas
Meaning
JWC listed areas are the sea areas the London market's Joint War Committee considers high risk for war, piracy or terrorism, triggering extra premiums.
Also written as Listed areas, Joint War Committee
JWC listed areas explained
Entering a listed area requires notice to war risk underwriters and payment of additional premium. The list is updated as conditions change and currently includes parts of the Red Sea, Gulf of Aden, Arabian Gulf and Black Sea.
Related terms
Additional war risk premium
Additional war risk premium (AWRP) is the extra insurance cost charged for each call to, or transit through, an area listed as high risk by war underwriters.
War risks clause
A war risks clause sets out what the owner may do, and who pays extra costs, if the voyage is exposed to war, piracy, terrorism or similar dangers.
Bab-el-Mandeb
Bab-el-Mandeb is the strait between Yemen and the Horn of Africa connecting the Red Sea to the Gulf of Aden, on the route to and from the Suez Canal.