Insurers Consider Services to Iran

The Central Insurance Company has issued a report on the situation of international communication with foreign insurance companies.

According to the report, negotiations are underway between the IG international clubs and the US Department of Treasury to get permission for American reinsurers to provide insurance coverage to Iranian oil tankers.

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

(Source: IRNA)

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