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.
Your Previous Searches
Random Picks
- Tonnage: Tonnage is a measure of the size or cargo carrying capacity of a ship. It is calculated based on the volume of the ship's enclosed spaces and is used to determine various fees and taxes related to the ship's operation. There are different t ... Read More >>
- Merchant Ships: Merchant ships are large vessels designed specifically for transporting cargo or passengers over long distances across the seas and oceans. They form the backbone of international trade, carrying billions of tons of goods each year. Merchan ... Read More >>
- Rope: A rope is a length of fibers, twisted or braided together to improve strength for pulling and connecting. In maritime context, ropes are essential for the operation of a vessel. They are used for a variety of purposes such as mooring, towin ... Read More >>
Top News
Audit finds Hong Kong company breached Panama Canal ports contract...
Report comes as US uses claims of Chinese meddling to push for control over strategic waterway....
News Source: Al Jazeera English on 2025-04-08
US, South Korea warship makers sign deal that could help narrow naval race with ...
America’s largest military shipbuilder has signed a deal with a South Korean company that experts say could be a big step in helping the US Navy build new warships to keep pace with rival China in f...
News Source: CNN on 2025-04-08
Contract for Hong Kong company to operate Panama Canal ports had irregularities,...
Panama’s comptroller authority says an audit found irregularities in the renewal of a 25-year port concession in the interoceanic canal and it would request an investigation into the authorization o...
News Source: ABC News on 2025-04-08
Russia's Black Sea Fleet is figuring out how to defend against Ukraine's deadly ...
"What you did yesterday will no longer work tomorrow," said Vice Adm. Oleksiy Neizhpapa, who commands Ukraine's naval forces....
News Source: Business Insider on 2025-04-08
Japanese emperor visits Iwo Jima to honor the dead in one of World War II's fier...
Japan’s Emperor Naruhito visited Iwo Jima on Monday and paid tribute to thousands of Japanese and Americans who died in one of World War II’s bloodiest battles....
News Source: NBC News on 2025-04-07