Lloyds erase Sri Lanka off war risk list

http://www.defence.lk/new.asp?fname=20100716_03
Lloyds erase Sri Lanka off war risk list
The post-war situation in Sri Lanka is rapidly gaining positive momentum with the government's laid road map for reconciliation, resettlement and rehabilitation. The London based insurance underwriter Lloyds has removed Sri Lanka from its cargo war risk list with effect from July 05th.
This move would indeed evict additional insurance rates paid by the shipping lines resulting reduction off export and import costs. The move is also expected to boost the tourism industry in the island, according to analysts who are optimistic of much more opportunities for the nation.
According to Ministry External Affairs, a little over a month after removing Sri Lanka off the Hull War, Strikes, Terrorism and Related Perils list, Lloyds of London's Joint Cargo Watch has removed the island from its list of countries with risk of marine war, marine Strikes and ground war and strike.
Analysts said the removal of Sri Lanka from the war risk list would negate shipping lines and airlines the need to pay any war risk insurance premiums which could lower trading costs and also boost tourism, because Sri Lanka after suffering 30-year-old war is no longer classified a war risk country.