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

Ships carrying Russian oil could lose insurance mid voyage

November 11, 2022 Reprints

Shipping companies and insurers are still wary of the latest price cap to be imposed on Russian crude by the European Union and the Group of Seven (G7) nations on Dec. 5, as the ambiguous terms and conditions could leave ships without insurance mid journey, Reuters reported. Shipping companies and insurers are concerned that insurance coverage will be withdrawn for oil tankers mid voyage if it’s discovered that their cargo breaches price cap terms and or is under sanctions.

Help

Ships carrying Russian oil could lose insurance mid voyage

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