NorthStandard, UK P&I Club, The Swedish Club, London P&I and other International Group members issued cancellation notices over the previous 24 hours following matching moves by their commercial reinsurers, with most changes effective from August 16. The exclusions cover the area south of latitude 25°30'N in the Red Sea, through the Gulf of Aden and deep into the western Indian Ocean, and specifically take in the Bab el-Mandeb traffic separation scheme, the Yemeni coast and much of Saudi Arabia's western Red Sea coastline. The retrenchment principally hits commercially reinsured war-risk components attached to fixed-premium P&I, charterers' liability and non-poolable extensions, rather than conventional mutual cover, and clubs say cover may be bought back on separately agreed terms.