India insurers to give $50 million cover for Iran oil buy

and 5 related articles

India insurers to give $50 million cover for Iran oil buy

Al-Arabiya - May 1, 2012
run insurers have agreed to give limited cover to local ships for carrying Iranian oil, helping the energy-hungry country import reduced volumes from sanctions-hit Tehran from July, a Shipping Corp of India director said on Tuesday. “We have in writing from General Insurance Corp that it and four other insurers will provide a cover of $50 million to Indian flag carriers per Iranian voyage,” Sunil Thapar of Shipping Corp of India, the country’s largest shipping firm with a fleet of 29 crude carriers, told Reuters. Tough new European Union ...

India to cover for Iran oil buy

Tehran Times - May 1, 2012
run insurers have agreed to give cover to local ships for carrying Iranian oil, helping the energy-hungry country import from Tehran from July, a Shipping Corp of India director said on Tuesday./ "We have in writing from General Insurance Corp that it and four other insurers will provide a cover of $50 million to Indian flag carriers per Iranian voyage," Sunil Thapar of Shipping Corp of India, the country's largest shipping firm with a fleet of 29 crude carriers, told Reuters./ Tough new European Union sanctions aimed at stopping Iran's oil ...

Exclusive: China mulls guarantees for ships carrying Iran oil

Reuters - Apr 30, 2012
China is considering sovereign guarantees for its ships to enable the world's second-biggest oil consumer to continue importing Iranian crude after new EU sanctions come into effect in July, the head of China's shipowners' association said. Tough new European Union sanctions aimed at stopping Iran's oil exports to Europe also ban EU insurers and reinsurers from covering tankers carrying Iranian crude anywhere in the world. Around 90 percent of the world's tanker insurance is based in the West, so the measures threaten shipments to Iran's ...

Exclusive: China mulls guarantees for ships carrying Iran oil

Yahoo! News - Apr 29, 2012
is considering sovereign guarantees for its ships to enable the world's second-biggest oil consumer to continue importing Iranian crude after new EU sanctions come into effect in July, the head of China's shipowners' association said. Tough new European Union sanctions aimed at stopping 's oil exports to Europe also ban EU insurers and reinsurers from covering tankers carrying Iranian crude anywhere in the world. Around 90 percent of the world's tanker insurance is based in the West, so the measures threaten shipments to Iran's top Asian ...

China mulls guarantees for ships carrying Iran oil

Tehran Times - Apr 30, 2012
China is considering sovereign guarantees for its ships to enable the world's second-biggest oil consumer to continue importing Iranian crude after new EU sanctions come into effect in July, the head of China's shipowners' association said./ Tough new European Union sanctions aimed at stopping Iran's oil exports to Europe also ban EU insurers and reinsurers from covering tankers carrying Iranian crude anywhere in the world. Around 90 percent of the world's tanker insurance is based in the West, so the measures threaten shipments to Iran's ...

Hot News

UPDATE 1-Nations close to deal on UN arms trade treaty -envoys

Reuters – March 29, 2013

Iran, North Korea, Syria block U.N. arms trade treaty (Yahoo! News)
Chair suspends meeting after Iran, NKorea say they will block adoption ... (Washington Post)

» 14 articles