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(NAR) VOL. III NO. 1 / JANUARY - MARCH 1992

[ POEA MEMORANDUM CIRCULAR NO. 9, S. 1986, May 29, 1986 ]

DECLARING LIBYA AS WAR RISK TRADING AREA



In view of the recent developments in Libya and based on the Lloyds of London Underwriters promulgation considering the area as among the current exclusions, said country, including the Gulf of Sidra/Sirte, is hereby declared as a war risk trading area.  As such, land-based contract workers bound for Libya shall be covered by the mandatory war risk insurance as defined in Section 2, Rule VI, Book VII of the Rules and Regulations Governing Overseas Employment; seamen sailing into the Gulf and calling at Libyan ports shall be entitled to a war risk premium pay equivalent to fifty percent (50%) of basic pays as defined in Section 4 of the same Rule.

Coverage shall take effect immediately.

Adopted: 29 May 1986

(SGD.) CRESCENCIO M. SIDDAYAO
Deputy Administrator and Officer-in-Charge

Re-issued: 18 Feb. 1992

(SGD.) JOSE N. SARMIENTO
Administrator
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