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Insurance finds grey area for tankers in US-sanctioned oil trades

Suspect P&I clubs provide blue cards for tankers, flagged with various registries, that ship US-sanctioned crude from Venezuela and Iran

P&I coverage for more than 160 tankers shipping billions of dollars of sanctioned crude through some of the world’s busiest waterways ranges from a company with a GoDaddy website in Bulgaria to a Dubai-based club that retrospectively cancelled cover for one of its entered tankers involved in a serious oil spill

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