In Project Spring Clean, the wordings sub-committee of the Joint Natural Resources Committee (JNRC) identified clause JR2010-012 as requiring an urgent title update in line with LMA3100A. 

Clause JR2010-012A has now been published on the LWR and JR2010-012 has been archived.

As per the ‘A’ version of LMA3100, the title of JR2010-012A has been amended from “exclusion” to “limitation” as it is a better description of the way in which the clause works. There are no other changes to the clause from its original form.

JR2010-012A is a clause that suspends any coverage given under a contract which would expose underwriters to breaching UK, EU, US sanctions laws or regulations or UN regulations for as long as the sanctions are operative. See bulletin LMA23-028-AR for more details on LMA3100A.

All LMA model clauses are purely illustrative and are published and distributed for the guidance of Lloyd’s managing agents, brokers and other market participants. All contracting parties are free to agree to different conditions/amend the model clauses as they see fit; the LMA does not protect its intellectual property rights over model clauses. It is for underwriters to decide whether or not any contractual language is acceptable on any given risk. Model documents are available on the Lloyd’s Wordings Repository (LWR).

Katie Clark
Executive, Technical Underwriting
katie.clark@lmalloyds.com

Claudia Goodridge
Senior Executive, Technical Underwriting
claudia.goodridge@lmalloyds.com

Dele Fajimolu
Senior Executive, Technical Underwriting
dele.fajimolu@lmalloyds.com