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[–] 3 points 4 months ago (1 child)

I bet Iran will only honor ship insurance sold by Iran.

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  • [–] 1 point 4 months ago

    That's what Lloyd's, etc will offer.

    There are already countless fees, payments, tariffs, etc that must be paid on a voyage, that's what Lloyd's does, their business isn't undertaking itself, they package insurances, fees, etc together so a ship only need pay the one company and they take care of the rest. For a fee.

    They'll pay Iran and slap another 30% on.

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