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mars_needs_socks t1_j1i3bjh wrote

Reply to comment by meickoff in Japan firms to stop insuring ships in all Russian waters -Nikkei by hieronymusanonymous

If you buy things transported by ship you need insurance or you will be offered the possibility of paying through the nose in case anything happens to the ship on its way.

Nobody is going to insure cargo on a ship that itself does not have insurance.

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StationOost t1_j1i5b2u wrote

Many ports don't allow uninsured ships to dock either.

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Possiblyreef t1_j1ivm9p wrote

And straits often won't transit ships without recognised insurance

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meickoff t1_j1lt3qh wrote

Interesting fact from a field I never thought I'd explore, thanks!

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