Ships hauling Ukrainian grain may be insured for up to USD 50m

The British insurance sector has launched an initiative that will enable ships with Ukrainian grain cargoes to be insured on their trip through the Black Sea.

Black Sea port Chornomorsk will be one of the harbors from where Ukrainian grain will be shipped. | Photo: Ukrainian Presidential Press Service/Reuters/Ritzau Scanpix

British insurer Ascot and insurance broker Marsh have joined forces on a special maritime war insurance scheme for ships hauling grain and other foods out of Ukrainian ports through a humanitarian corridor in the Black Sea.

The scheme entails up to USD 50m in coverage, with the two firms saying it will remove a significant obstacle in the attempt to resume grain exports out of Ukraine.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs