ZIM spells out details of war risk premium

As the Middle East conflict rages on, ZIM has advised its customers that it is continuing to operate and accept bookings to and from Israel. 

The line has confirmed that all local terminals in Ashdod, Haifa and Eilat are operating as usual, with some limitations on dangerous goods cargo which will be handled by its professional teams on a case-by-case basis.

Service interruptions may however occur at short notice as a result of safety guidelines dictated by the Israeli authorities, the line has warned, but additional updates will be provided.

“In light of the war situation, insurers have imposed an additional war risk insurance premium on all vessels calling at Israeli ports, which we are now obligated to pay in order to maintain service to and from Israel,” according to a statement.
“Although ZIM is paying this premium with immediate effect, it has decided to implement the new charge, War Risk Premium (WRP) for cargo to/from Israel effective October 12 gate-in date. ZIM will charge the WRP, at cost, as detailed in the table below:

• The war risk premium surcharge will apply to cargo gated in on or after October 12.
• For shipments between the USA and Israel only, the war risk premium surcharge will apply to cargo gated in from October 17 onwards.
• The war risk surcharge will apply to cargo from China to Ashdod port, gated in on or after November 3.
• As advised by our insurers, the war risk premium surcharge is subject to changes every 24 hours and therefore we will update the war risk premium surcharge as per these changes.”