Turkey to require proof of insurance from oil tankers

Proof of insurance - Turkey
Michigan Auto Insurance Reform Bill...
➡️ WATCH TOP INSURANCE NEWS STORIES IN: ENGLISH & SPANISH

This move is expected to add bite to the sanctions from the international community against Russia. Turkey has announced that it will begin requiring that oil tankers making their way through the Bosporus shipping strait must provide proof of insurance. This step could prove challenging to the massive crude exports coming from Russia. Ships carrying crude through that waterway will need to present an official insurer’s letter. The oil tanker proof of insurance will need to state that the insurer is willing to provide adequate coverage for that specific vessel,…

Read More