Small Blessings

The announcement is expected within the next few days, which will reduce premiums to 0.0025 percent from the present 0.005 percent of the hull value on vessels calling at the Colombo Port, Sri Lanka Ports Authority Chairman, Parakrama Dissanayake said.

rnDissanayake said the war risk committee headed by Lloyds of London had stopped short from totally removing the high premiums.

rnrnLondon insurance underwriters have been reluctant to lift the premia despite favourable recommendations by independent foreign security auditors and the ongoing peace talks.

rnrnThe Shippers
quote Council is also asking Ports Minister Rauf Hakeem to meet London underwriters to remove the surcharge.

rnldblquote At minimum, we should persuade the underwriters to return to pre July 24 position on Sri Lanka
dblquote , Shippers Council former Chairman Rohan Masakorala said.

rnPrior to the Katunayake Airport attack, war risk premium was limited to the Northern ports. The surcharge was extended islandwide following the attack