Lloyds withdraw war risk surcharge
[March 9, 2002 - 5.30 GMT]

The Additional War Risk Surcharge imposed on vessels calling at Sri Lankan ports was withdrawn yesterday.

Lloyds of London imposed the surcharge after terrorists attacked the Bandaranaike International Airport last June. 

The Lloyds will return the USD 50 million, the Sri Lankan government had deposited with them as Sri Lanka’s share of the Insurance cover.

It was reported that the War Risk Rating Committee had decided to withdraw the ‘high war risk’ rating on Sri Lanka by the first week of March, based on reports submitted by two international security audit firms.

The Colombo Port has taken several measures to tighten its security on the recommendation of these security audit firms.

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Last Updated Date: March 9, 2002  - 5.30 GMT.