Indian Oil Corp. (IOCL)and two other state-run refiners said they will defer resuming purchases of Iranian crude by at least three months, having failed to get reinsurance for shipments afterEuropesaid it would relax a coverage ban. Indian Oil, which has an accord to buy 24,000 barrels a day fromIranin the year ending March 31, halted purchases after ...

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 Irans 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. Indias Deputy Nautical Adviser,...

TEHRAN Oct 18 (Shana): Iranian and Indian officials have agreed to extend insurance coverage for Irans ships carrying crude and goods to India, Iranian newswires said. TANKER OPERATORreported that The agreement was reached between an Iranian trade delegation visiting India and Indian officials in Mumbai on Thursday, an informed source told an Islamic ...

TEHRAN (Tasnim) Iranian ministry of economic affairs and finance introduced three domestic insurance companies to India after uncertainty over insurance cover disrupted trade exchanges between the two countries for nearly two weeks. According to Tasnim dispatches, Iranian Deputy Economy Minister in Banking and Insurance Affairs Mohsen Parizi ...

(Reuters) - Oil and container trade between India and Iran has been disrupted due to uncertainty over insurance cover, leaving some ships stranded outside ports in both countries, industry sources said. The delays had occurred because New Delhi had not yet extended approval for Iranian underwriters to provide insurance for container and tanker vessels ...