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Japan will Provide Insurance to Iranian Tankers when EU Sanctions Take Effect

Oilprice.com -- Those countries still willing to import Iranian crude must find new methods of insuring the tankers before they can leave terminals in the Persian Gulf.

Japanese parliament is about to pass a bill which will allow the government to provide insurance cover up to a value of $7.6 billion for each tanker carrying Iranian crude bound for Japan. The bill will make Japan the first sovereign to provide cover once the EU sanctions take effect in July.


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Submitted Jun 18, 2012 By: NOTSOGRN
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Japan will Provide Insurance to Iranian Tankers when EU Sanctions Take Effect Back to Topics
REPLIES (newest first) Post a Reply
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goldrose1
Champion Author Cleveland

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Message Posted: Jun 21, 2012 11:26:43 PM

Interesting story.
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honda0105
Champion Author Tallahassee

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Message Posted: Jun 21, 2012 5:59:07 AM

Japan is in dire straights when it comes to needing energy. Having lived high on the hog and wasting lots of energy, the current generation does not want / cannot do w/out power from a plug. Time to go back to Japanese cultural roots?
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sparky808
Champion Author Honolulu

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Message Posted: Jun 19, 2012 1:16:33 PM

Thank you for posting.
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tomok
Champion Author Portland

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Message Posted: Jun 19, 2012 4:08:59 AM

Provide Insurance? - what a country will do to buy crude oil and get it delivered to their country. With the loss of nuclear power in Japan, the Japanese will get their energy from anybody. And, the Japanese does not care what the world thinks of that either. Whether there are Sanctions or Not, people and countries will do what they want! Is it time to change Japanese minds?
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe and reliable, has a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible.
The price of fuel at the pump is too high!
12/22/2012!
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Amtrgas
Champion Author Oakland

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Message Posted: Jun 19, 2012 2:16:10 AM

When you need fuel, you will back anyone.
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10k
Champion Author North Carolina

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Message Posted: Jun 19, 2012 12:46:42 AM

all the more reason to DHAN..
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Dodge_Me
Champion Author Atlanta

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Message Posted: Jun 19, 2012 12:15:37 AM

Not Cool
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Mustache_33
All-Star Author Toronto

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Message Posted: Jun 19, 2012 12:01:40 AM

hmm
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tidalwave3
Champion Author Tallahassee

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Message Posted: Jun 18, 2012 11:59:07 PM

This is why US needs it's own independence from Mis East oil
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Dodge_Me
Champion Author Atlanta

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Message Posted: Jun 18, 2012 11:57:56 PM

HUH
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carloco75
Champion Author Richmond

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Message Posted: Jun 18, 2012 11:54:02 PM

Wow...major....
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Eugenian
Champion Author Oregon

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Message Posted: Jun 18, 2012 11:50:49 PM

This is why dependence on oil is so dangerous; it forces nations to make deals with devils. (The U.S. has long done so with various brutal regimes in the Middle East.)
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mplato
Champion Author Columbia

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Message Posted: Jun 18, 2012 11:47:09 PM

Japan still needs oil....and hoping its iranian oil
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WIPACKERFAN
Champion Author Chicago

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Message Posted: Jun 18, 2012 11:45:29 PM

Good for them.
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flyfast
Champion Author Kansas City

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Message Posted: Jun 18, 2012 11:41:12 PM

TOOOO BAD
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JagXKR
Champion Author British Columbia

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Message Posted: Jun 18, 2012 11:40:40 PM

Japan is a xenophobic society that I do not care about one tiny bit. Most people don't know that they are projected to have their population decrease from 127 million down to 100 million by 2050 due to their xenophobic immigration policy. They believe that mixing their "perfect" race is a crime and they are not allowing any mixing of their race. They did not learn anything from being nuked to submission in 1945, maybe they need another lesson. Just saying.
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IUVidiot
Champion Author Indiana

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Message Posted: Jun 18, 2012 11:38:56 PM

ok
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firefly09
Champion Author San Diego

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Message Posted: Jun 18, 2012 11:32:59 PM

Okay.
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wayoung56
Champion Author Alabama

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Message Posted: Jun 18, 2012 11:29:50 PM

Countries with no oil have to do what it takes to get their supplies...
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tippybuddy
Champion Author Ontario

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Message Posted: Jun 18, 2012 11:24:28 PM

whatever
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blazerbob91
Champion Author Milwaukee

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Message Posted: Jun 18, 2012 11:22:53 PM

Somebody has to buy the oil.
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grn7stars
Rookie Author Washington

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Message Posted: Jun 18, 2012 11:22:31 PM

ok
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abcdMA
Champion Author Worcester

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Message Posted: Jun 18, 2012 11:17:21 PM

some ally
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habhday
Rookie Author Tacoma

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Message Posted: Jun 18, 2012 11:16:50 PM

Part of EU sanctions intended to restrict Iranian oil import revenues in an attempt to exert economic pressure on the country over its controversial nuclear development program.

If we don't remember who are enemies are,we are doomed in defending ourselves if and when they attack.
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cutter1330
Champion Author Oklahoma

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Message Posted: Jun 18, 2012 11:16:42 PM

Who cares Japan looking out for Japan.
Obama SHOULD do the same for the US.
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Nicitok
Champion Author Virginia

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Message Posted: Jun 18, 2012 11:16:01 PM

Good reason not to buy a Jap car.
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dky63
Veteran Author Illinois

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Message Posted: Jun 18, 2012 11:14:48 PM

ok
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drz614
Champion Author Harrisburg

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Message Posted: Jun 18, 2012 11:14:25 PM

interesting response from knot2swift.

i agree with you, let the polluters of the world stand on their own. by your response i assume u will be all over those countries who are the worst polluters and not ask the west to ratchet their efforts to compensate.
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listerone
Champion Author Boston

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Message Posted: Jun 18, 2012 11:14:17 PM

Are you sure you want to befriend Iran,Mr Japanese Prime Minister???
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NedW
Champion Author Indianapolis

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Message Posted: Jun 18, 2012 11:10:26 PM

Is there money in that?
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rf6480
Champion Author Miami

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Message Posted: Jun 18, 2012 11:09:28 PM

next up sanctions against Japan. WW3 coming soon
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serrog
Champion Author Nova Scotia

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Message Posted: Jun 18, 2012 11:04:36 PM

good
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PoohMcGoo
Champion Author Alabama

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Message Posted: Jun 18, 2012 11:02:31 PM

So we fund the pirates now to take over Iranian ships?lol
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knot2swift
Champion Author Calgary

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Message Posted: Jun 18, 2012 11:00:06 PM

I see a lot of stupid replies here.

I wish to make one thing perfectly clear to all you idiots here.

"At the end of the day, we all have to look out for our best interests and our own selves"

Why would the Japanese feel any differently about themselves as we do about ourselves.

Simply sucks that it's a "Dog eat Dog" world.
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Is246
Champion Author Albuquerque

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Message Posted: Jun 18, 2012 10:59:55 PM

NO, dont do it!
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SUSANCK
Champion Author Chicago

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Message Posted: Jun 18, 2012 10:55:33 PM

Ouch!
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clermont40miles
Champion Author Cincinnati

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Message Posted: Jun 18, 2012 10:55:24 PM

Let's hope Japan suffers catastrophic loss as they see the tankers go up in smoke. Oops.

Sanctions never work. Diplomatic pablum. Wiggle words.
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itsjustme719
Champion Author Hamilton

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Message Posted: Jun 18, 2012 10:53:01 PM

Okay.
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EmperorsFinest
Champion Author Chicago

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Message Posted: Jun 18, 2012 10:52:31 PM

Screw Japan and Iran
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JENNYHK
Champion Author Chicago

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Message Posted: Jun 18, 2012 10:51:48 PM

Remember December 7th.
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RAKARWOWSKI
Champion Author Chicago

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Message Posted: Jun 18, 2012 10:48:52 PM

TORA TORA TORA!!!
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whaboush
Champion Author Richmond

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Message Posted: Jun 18, 2012 10:45:27 PM

WTF Japan?
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carman11
Champion Author North Carolina

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Message Posted: Jun 18, 2012 10:45:18 PM

NOW THAT SOUNDS JUST REAL CRUDE.
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carpenter4u
Champion Author Virginia

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Message Posted: Jun 18, 2012 10:42:51 PM

The Dam has a crack in it
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RAKARWOWSKI
Champion Author Chicago

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Message Posted: Jun 18, 2012 10:42:10 PM

Bad Japan.
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FrankTA2
Champion Author New York

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Message Posted: Jun 18, 2012 10:41:49 PM

I hope we are not still selling oil to Japan.
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Kaiyne
Champion Author Chicago

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Message Posted: Jun 18, 2012 10:38:41 PM

WHTA!?!
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sillywagon
Champion Author New York

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Message Posted: Jun 18, 2012 10:37:29 PM

Because Japan doesn't want to purchase electricity from it's corrupt domestic producer of nuclear power, Japan will now purchase crude oil from the corrupt Iranian regime pursuing nuclear weapons... so they can use them to bring back the 12th Imann.
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OGW
Champion Author London

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Message Posted: Jun 18, 2012 10:36:27 PM

The Japanese are in an energy squeeze these days. Oil is better than coal any day.
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RevDrCBJ
Veteran Author Ann Arbor

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Message Posted: Jun 18, 2012 10:35:16 PM

Hmmm. Oil rules again.
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