London Escorts: A private navy to fight piracy?
February 28th, 2011 | London escorts | No commentsThe aim is for shipowners to buy the armed escort service, packaged with seven days of war-risk cover from Ascot Underwriting’s Lloyd’s Syndicate 1414. In doing so, the shipowner will not need to pay the normal higher premium required to transit high-risk pirate areas. It has been reported that each insurance-funded vessel will carry eight [...]