"All NITC capacity is available to the National Iranian Oil Company for export of crude oil and we are trying to cover the country's rise in crude oil exports," he said.
A Protection and Indemnity (P&I) Club is a mutual insurance association that provides risk pooling, information and representation for its members. Unlike a marine insurance company, which reports to its shareholders, a P&I club reports only to its members.
Once listing of Iranian tankers in the IGA is complete, they will be allowed to call at European ports, Safaei said.
Each Group Club is an independent, non-profit making mutual insurance association, providing cover for its shipowner and charterer members against third party liabilities relating to the use and operation of ships. Each Club is controlled by its members through a board of directors, or committee, elected from the membership.
Clubs also provide a wide range of services to their members on claims handling, legal issues and loss prevention, and often play a leading role in coordinating the response to, and management of, maritime casualties.
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