Oil firms shop for separate war risk cover as premium on cargo transiting Strait of Hormuz spikes up
August 4, 2019 0Middle East Logistics News
… are paying “phenomenally higher” cargo insurance premium to cover war … extra premium to insure cargo transiting through the Strait … the world’s busiest oil shipping lane — in the … its nuclear programme.
Typically, cargo insurance clauses exclude war and …
Oil firms shop for separate war risk cover as premium on cargo transiting Strait of Hormuz spikes up