ILNA: India extended its insurance cover for Iranian ships to enter Indian waters for a further six months on December 27, Mina Sediq Nouhi, an official at Iran�s Central Insurance Company said..


India had asked Iran to provide $370 million as a guarantee for insuring its tankers, but Iran did not accept, she added.

India�s Deputy Nautical Adviser, Deepak Kapoor, sent the letter to Iran�s Economic Affairs and Finance Ministry on Dec. 10 ahead of a renewal of approval to the Iranian underwriters on Dec. 27, according to Reuters.

In September, India granted a three-month extension to Iranian underwriters Kish P&I and the Moallem Insurance Co. for insuring oil tankers and ships calling at Indian ports after Tehran provided a sovereign backing of $1 billion.

By ILNA

 

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