Insurance news for Iran oil shows Indian ship owners displeased with coverage

Iran Oil Insurance industry News

India’s top tanker companies have rejected its own government’s offer. The latest insurance news regarding Iranian oil has shown that the top ship owners in India have rejected an offer from their government to provide coverage for shipping crude from the Iran, saying that the protection being offered is inadequate. The tanker coverage was offered in an attempt to skirt the European Union’s sanctions. The refusal of these ship owners has meant that the refiners in India will need to use the coverage being offered from Tehran, as well as…

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