Indian ship owners vow to carry Iranian oil despite reduced cover
Sanctions-hit Indian shipping firms will continue transporting Iranian crude oil, even if restricted insurance coverage leaves them financially exposed in the case of a spill or accident, industry sources have said.
According to Reuters, Shipping Corp of India, Great Eastern and other Indian tanker firms have asked state insurers to step in and provide up to $50m in third-party liability cover per tanker voyage.
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