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Last Updated : 2024-04-24 10:25:00
The rating is only a guideline published by the Joint War Committee of London underwriters. The risk rating was reduced last year after the 30-year ethnic war ended in May with the defeat of Tamil separatists.
Since then the government has been lobbying insurers to remove the country as a listed area. Lines which call Colombo regularly were not charged additional war risk insurance premiums in recent times.
But the government and shipping businesses were worried that the post-war economic revival could be affected if the island remained as a listed area for war risk.
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