Iran’s insurance bet in the Strait of Hormuz is a claim waiting to happen & more related News Here
During the 60-day period, insurance is free – no payment changes, and the risk of restrictions is arguably manageable. But after 60 days, if PGSA imposes fees as it has expressly reserved the right to do, a shipowner obtaining PGSA-approved insurance will make payment to an approved entity. This creates a direct conflict between the…
