Iran oil ship insurance relief not likely any time soon

Nov 29 2013, 19:06 IST
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Vessels transporting Iranian crude have been left with limited alternatives, mostly set up by importers (Reuters) Vessels transporting Iranian crude have been left with limited alternatives, mostly set up by importers (Reuters)
SummaryInsurers expected to proceed with caution

this limited unravelling as there is such a complex regime in place that it will need to be unpicked very carefully," he said.

"Underwriters will take the normal cautious approach to these issues, because they are so complex. To the extent that trade touches on Iran, people will have to be very careful."

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