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International

Venezuela having trouble findings ships to move oil

September 13, 2019 Reprints

Venezuela is having trouble finding ships whose owners are willing to transport oil for the fear of being sanctioned and losing insurance coverage on their vessels, Bloomberg reported citing sources. Mutual insurance association the Shipowners' Club said that if a member is sanctioned, their property can be blocked and the club may terminate or suspend insurance coverage.

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Venezuela having trouble findings ships to move oil

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