Two members of the International Group of P&I Clubs are playing a critical role in a United Nations-coordinated emergency ship-to-ship transfer (STS) of oil from a decaying floating storage and offloading unit off Yemen.
Their involvement comes as part of a London market-led insurance initiative to cover risks involved in transferring 1.14m barrels of light crude from the 406,600-dwt Safer (built 1976) in a bid to avert an environmental and humanitarian disaster.
