Source: Reuters (via feed)
India is planning sovereign guarantees to support insurers covering vessels traveling in the Persian Gulf. Government and industry sources familiar with the matter provided this information. The move is in response to increased shipping risks caused by the war in the Middle East.
BizTrendWire Insight:
India’s plan involves sovereign guarantees for insurers covering Persian Gulf maritime routes amid rising risk.
India’s plan involves sovereign guarantees for insurers covering Persian Gulf maritime routes amid rising risk.
