Mr Old Man Q&A WARRANTED NO KNOWN OR REPORTED LOSSES (WNKORL) By Mr Old Man Posted on November 30, 2018 1 min read 0 0 10,304 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr Cô gái Lào QUESTION Dear Mr. Old Man, Insurance document indicating Issue Date as 20 NOV 2018 (Issue Date) contains a statement: “Warranted no known or reported losses as at 22 NOV 2018 if the Departure Date is earlier than 22 NOV 2018”. Bill of Lading indicates On Board Date as 20 NOV 2018 Can I raise the discrepancy: Insurance document effective from a date later than the date of shipment? Thank you. LNT ——– ANSWER Hi, I don’t think the discrepancy is valid. Warranted No Known Or Reported Losses (WNKORL) is a statement made on application for excess or catastrophe reinsurance, which is being back-dated, to protect the reinsurer from placement of reinsurance after a loss has occurred. Kind regards, Mr. Old Man