Date:

An update on the lifting of sanctions against Iran

A version of this article appeared in the 11 March 2016 edition of Insurance Day

With Iran’s impressive oil and gas output, the marine and energy sectors are regarded as important areas of focus for Insurers and Reinsurers. As a result of the release of EU sanctions, or the lifting of “restrictive measures,” as it is known, EU Insurers and Reinsurers are now able, in principle, to provide cover to oil companies, as well as to cargo owners, ship owners and portauthorities. The activities and associated services which are no longer prohibited extend to financial, banking and insurance measures and include the oil, gas and petrochemical sectors, shipping, shipbuilding and transport sectors.

Read the full article on our Insurance website >>

This information is intended as a general discussion surrounding the topics covered and is for guidance purposes only. It does not constitute legal advice and should not be regarded as a substitute for taking legal advice. DWF is not responsible for any activity undertaken based on this information.

Explore our website dedicated to insurance law

In touch offers insight into how market trends and developments could impact the industry. Our specialist legal teams analyse key case law, procedural and legislative change, and highlight emerging issues to keep you informed on the latest developments.

View website

Jonathan Moss

Partner - Head of Transport Sector

I act for international traders, charterers, shipowners, insurers and reinsurers, handling commercial disputes. I also advise on day-to-day issues arising in the context of the sale of goods and their transportation.