CITGO, anticipating potential risks, had secured a marine cargo insurance policy from a syndicate of major reinsurers, including several Lloyd’s syndicates. The policy, effective from June 2018 to June 2019, provided up to $100 million in coverage and specifically included the “Institute War Clauses (Cargo).” These clauses covered losses resulting from “war civil war revolution rebellion insurrection, or civil strife arising therefrom,” as well as “capture seizure arrest restraint or detainment, arising from risks covered under 1.1 above, and the consequences thereof or attempt thereat”.