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infirmaryblues t1_j1hxe3q wrote

Reply to comment by OldMork in Japan firms to stop insuring ships in all Russian waters -Nikkei by hieronymusanonymous

They did back in June apparently. The article also say India has been insuring many of their ships in stead of EU and UK firms which apparently handle 95% of maritime shipping insurance. We may be finding out how solvent Indian insurance firms are

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EmperorArthur t1_j1i23p4 wrote

Yep, everything is good until one big disaster happens.

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[deleted] t1_j1ierfm wrote

[deleted]

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beipphine t1_j1jrj00 wrote

What is stopping these ships from insuring each leg of the trip under a different insurance company. An Indian pop up insurance company from India to just outside of the port, and a european company for while at the european port.

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yantraman t1_j1jkd1v wrote

Yes but they won’t reject Indian insured ships.

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Rocco89 t1_j1jlajp wrote

The Hamburg Port Authority actually already did that a few times this year

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yantraman t1_j1joq5y wrote

Yet Netherlands is India’s largest oil product market.

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Rocco89 t1_j1kz3z5 wrote

And? Hamburg is the 2nd biggest city in Germany and not part of the Netherlands.

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Brigadier_Beavers t1_j1id3xh wrote

If its anything like their spam calls, theyll disolve the company at the first sign of consequences and make a new one the next day.

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TheGreatOneSea t1_j1ixa0t wrote

Lloyds of Mumbai, where you think you're buying insurance, but it's actually just a sandwich from House of Lloyds.

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