Retrieved from Vessel Finder
Lloyd’s of London underwriters have argued that a subsidiary of Crédit Agricole SA cannot claim $10. 4 million for a tanker requisitioned by Venezuela because the U. S. has signaled that it could relax sanctions against the nation, which make its return more likely. A group of 19 underwriters, including units of MS Amlin and Axis, hit back at High Court claims that the lender’s mortgagees interest insurance, or MII, policy has been triggered after the Rio Caroni, which was financed by Crédit Agricole Corporate and Investment Bank, fell into the hands of the Venezuelan government. Full Text -> Law360
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