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Monday, September 23, 2019

Maritime Logistics Professional

January 19, 2016

Green Signal for Iranian Tankers in European Ports

Image: National Iranian Tanker Company

Image: National Iranian Tanker Company

 The Mehr News Agency reports that the British Lloyd's Register Group has canceled one sanction against Iran’s oil industry by issuing certificates for commute of Iranian oil tankers to the ports and oil terminals of European Union.

The managing director of National Iranian Tanker Company (NITC) Ali Akbar Safaei stated about the official removal of the first sanction on Iran’s oil industry in the field of marine transport of crude oil and petroleum products.
“Iranian tankers will now travel under the license of British Lloyds international classification institution,”he said.
Safaei referred to Lloyd's readiness to issue certificates for Iranian tankers asserting “the lifting of sanctions has exerted its first influence on Iranian tankers.”
The company is considering different scenarios for returning to European markets, while it has identified other new markets, he added.
“With the issuance of technical certificates, reputable insurance companies will provide Iranian tankers with insurance coverage with lower risks,” Safaei concluded.
With a capacity of 15.5 million tons, the NITC is now in good conditions and is prepared to return to European markets, Safaei said. 
Crude oilEuropean Unioninsurance