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    Iranian oil tanker insurance ban lifted

    Repost
    PressTV

    by PressTV

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    Iranian oil tanker insurance ban lifted. After implementation of a deal over Iran’s nuclear program struck in Geneva last November, National Iranian Tanker Company, NITC, is among the first Iranian companies to benefit from the deal. The head of Iran’s Central Insurance Company that was in charge of covering oil tankers before the Geneva Road Plan says that Iranian insurance companies have become more capable under the sanctions. He says that Iranian oil tankers should look into and take advantage of Iranian insurance deals before rushing to foreign insurance companies for their coverage.