Japanese, German, US insurers call for rendering services to Iran in post-sanction era

Tehran, March 8, IRNA – Demands of major Japanese and German insurers and expectation of the Americans for issuance of legal permissions for rendering services to Iran in the post-sanction era, have been outlined in the latest report of Central Insurance Company on the situation of international communication with foreign insurance companies.

According to the report, negotiations are underway between the IG international clubs with the US Department of Treasury for obtaining permission for rendering insurance coverage to the Iranian oil tankers by the American reinsurers.

Meanwhile, ban on the American Steamship Owners Mutual which is one of the 13 members of the IG group for rendering P&I insurance to the Iranian vessels has been removed by Office of Foreign Assets Control (OFAC) of the US Department of the Treasury.

In this regard in the post-sanction era, the Korean P&I Company has announced readiness for cooperation with Kish P&I Club for the joint issuance of Certificate of Entry, LOU, and Blue Card of the EU.

The Turkish P&I is also intended to cooperate with Kish Club.

Certificates for the insurances of Kish P&I Club has been obtained from Italy and Spain and obtaining certificates from Panama, Cyprus, Malta, Britain, France and Sweden is underway.

By IRNA

Source Article from http://theiranproject.com/blog/2016/03/08/japanese-german-us-insurers-call-rendering-services-iran-post-sanction-era/

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