2. Update of Marine Cargo Insurance to Iraq Max Zaccar

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6. The Present Situation

7. Oil for Food Program (OIP) Established in 1990 Discontinued on the 22 November 2003 Discontinued on the 22 November 2003 Confirmation of delivery now signed by Cotechna, CPA and Iraqi Authorities Confirmation of delivery now signed by Cotechna, CPA and Iraqi Authorities Last shipments October 2004 Last shipments October 2004

8. Cargo to Iraq All kinds of civilian cargo Equipment and spare parts for the country infrastructure

9. Means of Shipment Air Se Sea Land

10. Land Transit to Iraq All routes to Baghdad are about 600 km

12. Land Transit to Iraq All routes to Baghdad are about 600 km Dangerous strip is 200 km

13. Types of Claims Very few truck accidents Attacks on cargos for the CPA Hijackings of other cargos

14. Truck Companies Dedicated truck companies DHL regular service

15. Marine Insurance All Risk for air, sea, land Land transit All Risks includes Piracy and Malicious damage Land transit All Risks includes Piracy and Malicious damage

16. Wa War and Strikes The London clauses The AWRIS clauses

17. Hijackings and Thefts

18. Recoveries

19. Conclusion Terrorist attacks or hijackings? Insurance conditions Reputable truck company Transit in convoys Coverage limited in time

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23. Unless a dramatic change occurs on the security level, cargo to Iraq will unfortunately have to travel without insurance in the near future.