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Why war risk surcharges in GoG may persist despite Deep Blue Why war risk surcharges in GoG may persist despite Deep Blue Share The deployment of the Deep Blue asset seems to have restored some degree of sanity in Nigerian waters and to some extent, the Gulf of Guinea (GoG) in terms of security. However, the body language of international insurance underwriters indicates that Nigeria might have to wait a little longer to see an end to war risk surcharges on inbound cargoes, writes TOLA ADENUBI. War risk surcharge This is a supplementary carrier charge that is only applied when insurance underwriters designate specific zones as war risks. It covers more than actual wars (invasion, insurrection) including international events that may be escalating toward war, and areas where hijacking (piracy) is prevalent. The surcharge is levied to recover potential extra costs, such as re-routing or additional security. It generally has two components: War Risk Liability, which covers peopl

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