JAPAN/INDIA CONFERENCE CUTS GULF WAR RISK CHARGES
The Japan/India-Pakistan-Gulf/Japan
shipping conference said it would cut the extra risk insurance
surcharges on shipments to Iranian and Iraqi ports to a minimum
three pct from 4.5 pct on October 25.
    It said surcharges on shipments of all break-bulk cargoes
to non-Iraqi Arab ports would be reduced to 3.0 pct from 4.5.
    A conference spokesman declined to say why the move was
taken at a time of heightened tension in the Gulf.
 REUTER
