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Sovcomflot is being dropped by several major marine insurance companies

A number of insurance companies have closed the door to sanctioned Sovcomflot. The Russian carrier is thus prevented from operating internationally, explains lawyer.

Photo: Anton Vaganov/Reuters/Ritzau Scanpix/REUTERS / X06532
BY

Russian tanker carrier Sovcomflot has to look for insurance among smaller players following larger players like Skuld’s and Gard’s decision to halt the customer relation. British P&I clubs are similarly terminating their deals.

Should the carrier obtain insurance outside the major marine insurance companies, it doesn’t mean that Sovcomflot’s international operations can unfold as usual, says lawyer.

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