There are already countless fees, payments, tariffs, etc that must be paid on a voyage, that’s what Lloyd’s does, their business isn’t undertaking itself, they package insurances, fees, etc together so a ship only need pay the one company and they take care of the rest. For a fee.
Actual big win for Lloyd’s.
I bet Iran will only honor ship insurance sold by Iran.
That’s what Lloyd’s, etc will offer.
There are already countless fees, payments, tariffs, etc that must be paid on a voyage, that’s what Lloyd’s does, their business isn’t undertaking itself, they package insurances, fees, etc together so a ship only need pay the one company and they take care of the rest. For a fee.
They’ll pay Iran and slap another 30% on.