, Columnist
Will Your Claim Against a Russian Oil Tanker Be Paid?
Collecting compensation for damages is about to get a lot more difficult.
Who’d pay for the clean-up?
Photographer: Miguel Yovera/BloombergThis article is for subscribers only.
Three weeks from now, it’s going to get a lot more difficult to get compensation for any damage caused by tankers carrying Russian crude.
Europe and the UK are large providers of marine insurance, as well as brokerage, finance, vessel classification and other services that make possible the movement of oil around the world. They are also home to many of the vessels that ply the trade. Greek companies are the world’s top tanker owners.