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International sanctions could leave lawful vessels at risk

Since 2015 there have been two significant pool claims from vessels engaged in lawful activity where international sanctions have undermined the ability of the P&I club involved and its reinsurers to pay compensation, said Mike Salthouse, chairman of the sanctions subcommittee

The US withdrawal from the Joint Comprehensive Plan of Action will potentially undermine further the ability of P&I clubs to provide member compensation

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