The committee reviewed updated cargo risk assessments, noting higher risks in Eritrea, Ethiopia and South Sudan, while Sudan’s risk decreased slightly. S&P briefings included updates on Red Sea tensions, Black Sea negotiations and broader geopolitical impacts. Members agreed to finalise Satellite Pre-Launch wording and progress discussions on storage, LNG, and drop down clauses. GCWL updates highlighted the need for clearer risk area definitions. Triangulations review figures showed improved loss performance since 2018, with new codes for war on land under consideration. Discussions also covered tariffs, potential social unrest and leadership development initiatives.