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Home Advertise

Japan govt asks insurers to retain marine conflict insurance coverage for LNG shippers in Russian waters By Reuters

by manusohal
December 27, 2022
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Japan govt asks insurers to retain marine conflict insurance coverage for LNG shippers in Russian waters By Reuters
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Japan govt asks insurers to retain marine war insurance for LNG shippers in Russian waters
© Reuters. FILE PHOTO: A normal view of the liquefied pure gasoline plant operated by Sakhalin Vitality at Prigorodnoye on the Pacific island of Sakhalin, Russia July 15, 2021. . REUTERS/Vladimir Soldatkin

TOKYO (Reuters) – The Japanese authorities has requested insures to tackle further dangers to proceed offering marine conflict insurance coverage for liquefied (LNG) shippers in Russian waters, a senior official on the trade ministry mentioned.

The Monetary Providers Company and Company for Pure Assets and Vitality made the request in a letter to the nation’s normal insurance coverage affiliation. Tokyo needs to make sure Japan will proceed to import LNG from the Sakhalin-2 challenge in Russia, the official informed Reuters.

Three Japanese insurance coverage firms which might be set to halt marine protection of dangers associated to the conflict in Ukraine beginning subsequent month are in talks with reinsurers to renew these operations, they mentioned on Monday.

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