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Iran oil-shipping insurance ambiguous

Ship owners may not be paid if they make claims after July 20

Published Wed, Jan 29, 2014 · 10:00 PM
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[LONDON] Insurance for tankers to export Iranian crude may be unusable even after the US and the European Union eased sanctions against the Persian Gulf state, a group covering vessel owners said.

Ship owners hauling Iran's oil may go unpaid if they claim against insurance policies after July 20, the date temporary relief of sanctions on the nation is due to expire or be renewed, Gard, an Aren…

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