WRIC
WRIC stands for War Risk Insurance Cover. It is a type of insurance that provides coverage for vessels and their cargo against risks associated with war, civil unrest, and other similar perils. This type of insurance is typically purchased by ship owners and operators who are concerned about the potential risks of operating in areas of political instability or conflict. War Risk Insurance Cover may include coverage for damage to the vessel, loss of cargo, and liability for third-party claims. The cost of this insurance can vary depending on the level of risk associated with the voyage and the value of the vessel and its cargo.
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