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Sri Lanka removed from cargo war insurance risk list
Thursday, 15 July 2010 - 11:48 PM SL Time
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International insurers have removed Sri Lanka from their cargo war insurance list paving the way for reduced import costs, removal of surcharges and increasing business confidence, a government statement said.
The Foreign Affairs Ministry said Sri Lanka has been removed from all marine war, and marine strikes risk of the Joint Cargo Committee Joint Cargo Watch List by Lloyd s Market Association with effect from July 5, 2010.
`In addition, the Ground Risk of 2.6 (High Level) previously applicable for the entire ground in Sri Lanka is now confined only to the Vavuniya Jaffna Section of the A-9 Highway(in the island`s north),` it said.
The removal of the island from the cargo war risk insurance list comes in the wake of Sri Lanka`s removal from the marine hull war risk insurance list in June by the Joint War Committee in London.
That came after the island`s 30-year ethnic war ended in May 2009 with the defeat of Tamil Tiger separatists by government forces.
The removal of Sri Lanka from the cargo risk list move follows lobbying by the government of Sri Lanka at the `highest level` in London, the statement said.
This included meetings between Minister of External Affairs, Gamini Peiris and a delegation from the Ministry of Ports last year and Lloyds Markets Association and their advisors.
The Sri Lankan High Commission in London has also been lobbying.
`Post-war economic revival would be greatly boosted with increased business confidence, reduction of the cost of imports, removal of insurance surcharge, and inducement for more shipping lines to call over at Sri Lankan ports due to the de-listing of Sri Lanka from War, and Marine risks, down to only a minimal level of Ground risks.`
The de-listing of Sri Lanka from a high level of 2.6 risk on marine war risk, and marine strikes risk comes in the wake of Lloyds Market Association Joint Cargo Committee (JCC) Review Meeting held in London on July 2, 2010.
The JCC said in a statement their removal of Sri Lanka from the cargo risk list followed an assessment by Exclusive Analysis, the international intelligence company advising London insurers of war risk, which visited Colombo.
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yarlan
Joined: Nov 2008
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 15 Jul 2010 16:54:53 GMT Report for Abuse
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An excellent speech by the President. Right place. Right time.
http://www.defence.lk/new.asp?fname=20100714_09
Everyone in Sri Lanka should shed their ethnnicity-based differences created by the British-educated politicians and come together to build a prosperous country for the future.
Tamils living outside of Sri Lankan should help Sri Lanka become unified and not take part in any activities that would undermine the country's future.
Edited By - yarlan - 15 Jul 2010 16:59:52 GMT |
ogimA
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 15 Jul 2010 17:48:28 GMT Report for Abuse
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International insurers have removed Sri Lanka from their cargo war insurance list paving the way for reduced import costs, removal of surcharges and increasing business confidence, a government statement said.
excelent news :)
hoping to see a price reduction from all imported items |
Elampimp
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 15 Jul 2010 18:09:19 GMT Report for Abuse
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Damed....you sound like a demala refugee....where is your assylum? Scandinavia or Australia or Canada?
Not only just he sounds like one but infact he is one of them. |
saleemtariq
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15 Jul 2010 19:04:07 GMT Report for Abuse
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Pakistan popular newspaper, Dawn, warns that UN Panel and the expected ensuing actions on Sri Lanka can be a warning to others.
The verdict on Sri Lanka should come as a warning to other armies fighting on their own soil , says Thursday s editorial of Pakistan s influential newspaper Dawn, commenting on UN s efforts of war crimes investigation and Sri Lanka s opposition to it.
Though Pakistan supplied illegal weapons to SriLanka on its 'war on terror' it refused to sign the letter drafted by the latter critical of UN SG. |
DVLADV
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 15 Jul 2010 19:06:11 GMT Report for Abuse
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| Paki's are being polite neighbours to India and asking to be careful in Kashmir. LOL |
Elampimp
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15 Jul 2010 19:20:06 GMT Report for Abuse
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Pakistan is hinting on USA regarding Afghanistan where the real war crimes are taken place.
It is very easy to fool these Peelam donkies with a headline.
This UN Ban ki show is a pure waste of money & time.It will collapse within another 6 months. |
ogimA
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15 Jul 2010 19:21:44 GMT Report for Abuse
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warns that UN Panel and the expected ensuing actions on Sri Lanka can be a warning to others.
expected ensuing actions ..LOL |
chennaiguuy
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15 Jul 2010 19:33:51 GMT Report for Abuse
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the expected ensuing actions on Sri Lanka can be a warning to others.
Looks like Noose is going to hang around SIllylankans for long time...
Why World is shunning the sillylankan model of victory on terror ?
:-)) |
badboy
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 15 Jul 2010 19:43:15 GMT Report for Abuse
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Sri Lanka removed from cargo war insurance risk list
Andawa Muruga. our peelamboys waited for mass bojcott of Sri Lanka, What s this? |
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15 Jul 2010 17:52:25 GMT