by Ravi Ladduwahetty

Global Insurance giant-Lloyds of London has nominated a four member team which will be in Colombo today predominantly to conduct an insurance audit on the Colombo port, authoritative shipping sources told the Daily News last night. The highlight of this team's presence in Colombo is that the report that it will submit to London after an extensive audit is expected to recommend the waiving the remaining 25% of the war risk charge on the cargo arriving at the Colombo Port or leaving it, they said.
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