War Risk - Additional Premium
War-risk additional premium (Additional-war-risk-premium, AWRP) for transit through Joint War Committee Listed Areas.
AWRP cost
500,000USD
Formula, assumptions, and limits
Red Sea / Black Sea / Persian Gulf rates fluctuate - 0.5–1.5 % per 7 days in active Red Sea disruption (2024). Flat-rate options negotiated for frequent transits. Excludes crew hazard pay.
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| AWRP rate per 7 days | % | broker quote | |
| Hull value | USD | valuation |