Sri Lanka removed from all marine war, marine strikes risk of the Joint Cargo Committee Joint Cargo Watch List

Sri Lanka has been removed from all marine war, and marine strikes risk of the Joint Cargo Committee Joint Cargo Watch List with effect from 05th July 2010.

In addition, the Ground Risk of 2.6 (High Level) previously applicable for the entire ground in Sri Lanka is now confined only to the Vavuniya – Jaffna Section of the A-9 Highway.

On this matter, several representations were made by the Government of Sri Lanka at the highest level in London including meetings between Minister of External Affairs, Prof. G.L. Peiris, a delegation from the Ministry of Ports last year and Lloyds Markets Association and their Advisors.

In addition, the Sri Lankan High Commission in London has also been actively engaged in this process. Post – war economic revival would be greatly boosted with increased business confidence, reduction of the cost of imports, removal of insurance surcharge, and inducement for more shipping lines to call over at Sri Lanka Ports due to the de-listing of Sri Lanka from War, and Marine risks, down to only a minimal level of Ground risks.

The de-listing/removal of Sri Lanka from a high level of 2.6 risk on Marine war risk, and Marine Strikes risk comes in the wake of Lloyds Market Association Joint Cargo Committee Review Meeting held in London on 02nd July 2010 which followed a comprehensive programme in Colombo for the visit of the international intelligence company and Advisor of the JCC to Colombo.

– Asian Tribune –