A cunning plan to punish Iran for its nuclear programme by depriving its ships of an insurance “ticket to trade” is looking rather less smart following a London court ruling this week
Islamic Republic of Iran Shipping Lines (IRISL) secured a notable victory in a high court action against the Steamship Mutual protection-and-indemnity (P&I) club, which claimed there was no cover for a serious ship casualty as it had to comply with a UK government order to sever its insurance relationship.
The
