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Sanctions Tankers and Gas Insurance

Fixed-premium insurers behind Iran-trading sanctioned tankers

The Pacific Maritime Club Limited, whose ownership by an Iranian marine surveyor was disputed, and East of England P&I Association Ltd which operates from a GoDaddy website in Bulgaria and cannot be traced, provided P&I cover for tankers flagged to San Marino and Panama

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The rise of fixed premium providers with unknown financial status and backing highlights flag registries’ absence of due diligence into marine insurers facilitating the trade of elderly tankers in sanctioned Russian, Iranian and Venezuelan oil

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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