Gard shuts the door on sanctioned Sovcomflot as well
The world’s largest marine insurer ends its client relationship with Russian Sovcomflot after the carrier was put on the sanctions list. According to ShippingWatch’s information, a clause in the contract allows for immediate termination of a contract when there is a risk of being exposed to sanctions.
Gard, the world’s largest marine insurer based in Norway, has done like its Norwegian colleague, Skuld, and exited contracts with Russian Sovcomflot, according to ShippingWatch’s information.
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Skuld is getting rid of sanctioned Russian client Sovcomflot
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