Sri Lankan ports are now free of any extra war risk-related insurance premiums following the removal of the country from the area listed for war risk by international underwriters.
The Sri Lanka Ports Authority (SLPA) said the move followed a visit to the island by a security firm which provides maritime intelligence in response to lobbying by government with the end of the country's conflict.
On June 9 London underwriters announced they have removed Sri Lanka from the area listed for war risk insurance.
A statement from the Joint War Committee in London said it recently reviewed the Listed Areas for Hull War, Strikes, Terrorism and Related Perils, last altered on March 11, 2010, and deleted Sri Lanka.
The SLPA statement said the Joint War Committee's decision would ensure that all Sri Lankan ports are "free of any war related risks and additional war risk premium."
A Sri Lankan delegation held talks with London underwriters last December and lobbied for the removal of the island from the listed area maintained by the Joint War Committee.
It also invited the JWC and its intelligence consultants to make their own risks assessments by visiting Sri Lanka.
A team from the intelligence firm Exclusive Analysis recently visited Sri Lanka's former northern war zone and also had talks with the island's defence, naval and shipping authorities, the SLPA said.
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