Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Japan's crude buyers set to switch back to private insurance for Iran imports

January 17, 2014 Reprints

Japan's crude buyers are preparing to move back to private insurers to cover transportation of Iranian oil after the European Union declared it would lift some sanctions for a period of six months starting Jan. 20, Reuters reported.

A Japan P&I Club official said the club would be able to recommence the $7.6 billion coverage for a vessel transporting Iranian oil. Japan has been providing a sovereign guarantee of nearly $7.6 billion in liability per tanker since the time E.U. and U.S. sanctions were imposed.

Help

Japan's crude buyers set to switch back to private insurance for Iran imports

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources