National Iranian Tanker Company (NITC) Managing Director Ali-Akbar Safaei recently told international commodities markets that Iranian oil tankers no longer face any obstacles when travelling to international ports, now that the proper insurance certificates have been issued, with shipping sanctions having already been lifted.
This means the NITC fleet of 70 tankers -- 42 of which are very large crude carriers that can carry 2 million barrels of oil each – can take on European cargo.
"Considering that the insurance problem has been removed, Iranian tankers are now internationally insured and can dock at all ports across the world," Safaei said. “Accordingly, all tankers that are under Iran’s ownership, as well as any foreign tanker that enters Iran’s ports, will not have any problem with regard to the issue of insurance."
Safaei said international insurance agencies have issued the required certificates for NITC tankers to travel in international waters, but the company is still in the process of applying for more-competitive insurance policies.
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