EU Considers Insurance for Tankers at Iran Ports
By Isaac Arnsdorf and Ewa Krukowska on March 14, 2012/ The European Union may allow insurance against risks such as collisions and spills for tankers carrying Iranian oil after ship owners said the ban would hinder exports and crude prices rose. The EU would prohibit the insurance and re-insurance of Iranian oil “except for third-party liability insurance and environmental liability insurance,” according to a draft regulation proposed by the bloc’s regulator and obtained by Bloomberg News. The EU aims to complete the regulation, which is ...
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