Global Business in Iran Database

In-depth metrics and analysis of Iran's international economic partnerships.

Newsletter Signup
Critical Threats Quick Take List Signup
selected project

Lloyds-Iranian Insurance Halt

description

Due to recent American sanctions placed on Iran, Lloyds of London has decided to cease insuring or reinsuring petroleum shipments going to the Islamic Republic. This follows a decision this year to add Iran to a list of high risk places for merchant vessels to travel.

Status

  • Current Status:
  • Discussion Date: Fri, 2010-07-09
  • Contract Date:
  • Completion Date:

Citation

1. "Lloyds to comply with sanctions, will not cover Iranian petroleum shipments", Arab Times, July 9, 2010, available at http://www.arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/1...

2. "Lloyds' ship underwriters to tackle Iran sanctions", Reuters, July 2, 2010, available at http://www.reuters.com/article/idUSLDE6611HS20100702

All projects by Lloyds TSB