Dry cargo ships exporting grain from Ukraine will be insured

Dry cargo ships exporting grain from Ukraine will be insured

“Lloyd’s of London” insurance market participants are preparing to insure ships that will export grain from Ukraine.

Report informs that Bruce Carnegie-Brown, chairman of Lloyd’s of London, told Reuters. According to him, an official announcement should be made soon.

“After Russia and Ukraine signed an agreement on grain exports, we are working hard with market participants to help determine insurance terms. Compliance with contracts is extremely important. “A certain number of mines have already been laid in the Black Sea, but the insurers may accept this, but they will not be able to reconcile with a serious violation of the contract,” he said.

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