War Risk Surcharge
Definition of war risk surcharge
A war risk surcharge is an additional fee imposed by shipping carriers when transporting goods through areas designated as war risks by insurance underwriters.
The charge covers potential extra costs arising from threats such as invasion, insurrection, international conflicts, and piracy.
Who charges the war risk surcharge?
The war risk surcharge is charged by the shipping carriers. They apply this fee to cover the increased risk and additional expenses associated with navigating through or near conflict zones.
Where is the war risk surcharge charged?
The war risk surcharge is typically applied on the port-to-port leg of the shipping route.
Find The Lowest Freight Rates Today
Compare shipping quotes from trusted providers. Get the best deals for ocean or air freight.