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Sanctions Tankers and Gas Insurance

Extra due diligence begins for marine insurers and shipowners in Russia oil price cap crackdown

From February 20 pre-voyage attestations required for all tankers calling at Russia, affecting about 41% of tankers covered by Western insurers, a proxy for price cap compliance, based on January callings

  • Analysis

‘From what we understand, individual oil sales can be within the price cap even if media and other reports say otherwise,’ said Dan Tadros, the chief operating officer of American Club, the top P&I insurer of Russia-calling tankers

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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 +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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