Iran to seek ‘insurance fees’ for passage through Strait of Hormuz
Vessels must hold Tehran-approved insurance policy to use vital waterway, says government agency
Iran to seek ‘insurance fees’ for passage through Strait of Hormuz Iran has announced that vessels must possess an insurance policy approved by Tehran to transit the Strait of Hormuz. This new regulation is being enforced by a government agency. The policy mandates specific insurance requirements for ships utilizing this crucial waterway.
- Vessels need an insurance policy approved by Tehran.
- This policy is mandatory for passage through the Strait of Hormuz.
- A government agency is overseeing the implementation of this rule. Continue reading https://www.ft.com/content/e1068044-5124-47d9-81ba-c4a3efc16384
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