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Iran Venezuela Tankers and Gas

Sanctions-busting shipowners exploit ‘vulnerable’ P&I Clubs

Four clubs outside the International Group — which provides third-party liability for 90% of the world’s fleet — are providing certificates linked to tankers engaged in evasive or deceptive shipping practices associated with Iranian and Venezuelan crude trades

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‘No system is flawless and is therefore vulnerable to a certain extent,’ says Maritime Mutual director, with few P&I clubs resourced to check on day-to-day movements of all insured ships

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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