The oil tanker traffic jam near the Turkish Straits started to clear on Tuesday after insurers and the Turkish government reached an agreement over a new regulation requiring proof-of-insurance documents. The Turkish Protection and Indemnity (P&I) cover issue has been resolved, Norwegian vessel insurer Gard said in a statement on Tuesday. “Following significant engagement between the International Group of P&I Clubs (IG) and the Government of Turkey, an agreement has been reached allowing ships carrying crude oil cargoes to continue…
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