Business Insurance

Login  |  Register Subscribe

cbVid =

E.U. to lift ban on insuring Iranian oil effective Jan. 20

January 14, 2014 - 6:00am

The European Union will lift a ban on insuring Iranian oil for a period of six months starting Jan. 20 2014, Reuters reported.

"We would welcome the relaxation," Andrew Bardot, executive officer of the International Group of P&I clubs, said.

Protection and Indemnity clubs said they would take a step-by-step approach to covering Iran's energy cargoes.

Insurance specialists said it will take time before insurers will be able to offer coverage.

Read more


Get our daily Global Focus newsletter

You may also want to visit

International Content