This means a total of about 4.610 vessels might be paying this WRI premium. War Risk Insurance Premium is an additional surcharge imposed by international shipping companies on cargo bound for ...

The Nigerian Maritime Administration and Safety Agency says Nigeria paid over $1.5 billion in war risk insurance premiums to international insurers in the past three years. In a statement on ...

In a statement on Friday, NIMASA’s head of public relations, Osagie Edward, said the impact of WRI premiums on the economy is staggering. War risk insurance covers losses and damages resulting ...