Insurance
Ukraine will provide financial guarantees for the vessels of the Grain Agreement
The Cabinet of Ministers of Ukraine approved the Procedure for providing guarantees for compensation for damage caused by the armed aggression of the Russian Federation against Ukraine.
China does not recognize russian ship insurance
A week before EU sanctions against Rosneft come into effect, China refuses to recognize insurance documents for ships from russia.
Lloyd’s Ascot stops insuring ships with Ukrainian grain
Insurance of ships departing from Ukrainian ports was canceled after the decision of russian federation to withdraw from the grain agreement.
Insurers demand guarantees for the Ukrainian “grain corridor”
Insurance companies require additional guarantees for organizing a “grain corridor” from Ukrainian ports. Ukraine does not yet share the optimism of insurers, because at the forefront is the protection and defense of the Black Sea from russian aggression.
Ukrainian waters made the list of “potentially dangerous”: will there be consequences?
The Association of Insurers from London (which includes many of the largest insurers) has included Ukrainian waters in the Black and Azov Seas in the list of potentially dangerous areas for shipping. USM talked to a London-based insurer to find out how this will affect freight rates and whether it will affect cargo turnover at Ukrainian ports.
