War-risk Rate Lowered
NEW YORK, Aug. 27. Marine underwriters to-day announced a 5 per cent, decrease in cargo war-risk rates on all routes previously affected by the increase announced on August 13. The rate on shipments via Panama between Australia and New Zealand and United States and Canadian Atlantic ports has been reduced to the former level of 20 per cent., whiie the trans-Pacific rate of 7J per cent, is maintained. The announcement said that Brazil’s declaration of war was expected to reduce war-risk hazards. The New York Journal of Commerce ascribed the change also to the increasingly effective anti-submarine measures.
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Manawatu Times, Volume 67, Issue 206, 29 August 1942, Page 4
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101War-risk Rate Lowered Manawatu Times, Volume 67, Issue 206, 29 August 1942, Page 4
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