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[–] 22 points 7 months ago

Intertanko is saying this...

https://en.wikipedia.org/wiki/International_Association_of_Independent_Tanker_Owners

They're third party shippers and if tankers have to pay, that's their profits.

But the oil companies are gonna pay it anyways, be ause they get the increased profits from the price of oil.

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  • [–] 17 points 7 months ago (2 children)

    Don’t pay the toll and get attacked? Insurer’s will go for that! Let’s sail!

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  • [–] 9 points 7 months ago (1 child)

    Even if insurers do pay, it'll be at current valuations, and the shipyards responsible for these massive things are on like a decade plus wait. Insurers at this scale do not insure future expected income. So the owners will be able to pay off the loans and reimburse the suppliers and then hang around for 10 years with their thumbs up their asses. Yeah, no established capital is taking that risk.

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  • [–] 8 points 7 months ago (3 children)

    I wonder if insurers already listed clauses to contracts protecting themselves from claims resulting in the destruction of tankers whose owners might choose to navigate through dangerous war zones.

    And, if so, I would imagine the owners of those tankers would be well aware of this.

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  • [–] 17 points 7 months ago (1 child)