U.S.-sanctioned Iranian ships banned from Indian waters

July 27, 2012
Iranship
New Delhi, July 27: India has imposed a ban on Iranian ships hit by U.S. sanctions from entering its waters, leaving the oil marketing companies (OMCs) with little options.

“We were to import four tankers or cargos of about 990,000 each from Iran in July. But were able to get one as the cost, insurance and freight (CIF) approval was withdrawn by the Indian government,’’ Mangalore Refineries and Petrochemicals Limited (MRPL) Managing Director, P.P. Upadhya told journalists in New Delhi on Friday.

Following the imposition of the European Union sanctions from July 1, the Indian government had allowed import of crude oil from Iran in ships arranged by Tehran. It had allowed MRPL and other OMCs to import oil from Iran on CIF basis. It was left to Tehran to arrange for ships and insurance under this arrangement.

However, the permission to MRPL and other OMCs was revoked within days leaving them high and dry. The U.S. had imposed sanctions against National Iranian Tanker Company and its 58 vessels. MRPL had in 2011-12 contracted 7.3 million tonnes of crude oil from Iran but imported only 6.2 million tonnes as India cut imports from Persian Gulf nation to win a waiver from U.S. sanctions.

MRPL Director (Finance), Vishnu Aggarwal said that while India has got waiver from U.S. sanctions for its import of crude oil from Iran, shipping was not covered in that.

Crude oil imports from Iran are possible only if state insurers led by General Insurance Corp. (GIC) provide insurance cover for domestic ships carrying Iran crude. However, the matter for sovereign guarantee for ships is still pending resolution with the government.

On its part, it is understood that GIC had agreed to provide domestic ships a $ 50 million of cover for hull and machinery (H&M) and a similar cover for protection and indemnity (P&I) but this has been delayed as company has not got approval from the insurance regulator.

Mr. Upadhya informed said MRPL had imported 1.2 million tonnes of crude oil from Iran so far this fiscal beginning April 1, 2012. To compensate for the loss of crude oil supplies from Iran, the company has almost doubled its purchase of oil from spot market. It now buys up to 3 cargoes or shiploads every month instead of one earlier. It has this year started buying oil from Iraq after signing an annual contract for 11,000 barrels per day or just over 0.5 million tonnes. It buys 2.5 million tonnes on term contract from Saudi Arabia and another 2 million tonnes from Abu Dhabi.

Mr. Agrawal said the company has covered supplies of up to 9 million tonnes this year from overseas sellers and domestic fields like Bombay High. Of the 14.5 million tonnes of crude oil processing planned this year, the company is reliant on Iran for only 5 million tonnes. “Even out of this, we have imported 1.2 million tonnes. So the uncovered supplies are very less,’’ he remarked.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
May 17,2020

Tehran, May 17: As many as 310 Indian pilgrims departed from Tehran, Iran for New Delhi by Mahan Air on Saturday. The group hails from Ladakh and will later go home to Leh by special flights.

"A group of 310 Indian pilgrims, hailing from Ladakh, departed Tehran for New Delhi by Mahan Air tonight (16th May). 
Thereafter, they'll go home to Leh by special flights," Embassy of India in Iran wrote on Twitter.

On Saturday, Minister of Civil Aviation, Hardeep Singh Puri said that over 13,000 people have returned under the Vande Bharat repatriation mission till date.

"More than 13,000 people have already returned on various flights under Mission Vande Bharat so far. Today, 812 citizens have returned on Air India and AirIndia Express flights from Newark, London, Dubai and Abu Dhabi. More flights continue," Puri wrote on Twitter.

Vande Bharat Mission, which started on May 7 to bring back stranded Indian nationals back home from other countries, initiated its second phase of the operation from Saturday (May 16) by sending three Air India flights to Dubai and Abu Dhabi.

Under the second phase of Vande Bharat Mission a total of 149 flights, including feeder flights, will be operated to bring back Indians from 40 countries. 

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 8,2020

Bengaluru, Apr 8: The University Grants Commission (UGC) has asked all universities and higher education institutions across the nation to set up helpline to combat mental health issues among students during the Covid-19 crisis and nation-wide lockdown period.

In an official circular, the UGC stated that, "It is important to address psychological concerns of students and to address mental health and for the well-being of students, universities/colleges and higher education institutions should setup mental health helplines."

These helplines need to be monitored by counselors and other identified faculty members. "It is important for students to stay calm and stress-free. This can be achieved through telephones, e-mails, digital and social media platforms," says UGC.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 25,2020

Chennai, Apr 25: Civic authorities on Saturday turned down a plea for exhuming the body of a doctor who died of COVID-19 here and burying it in another cemetery, citing health experts' view that it was unsafe to do so. Citing a request from the wife of the deceased doctor to allow exhumation and then re-burial at a cemetery in Kilpauk, the Greater Chennai Corporation said it sought a report from a committee of public health experts to ascertain the feasibility of entertaining her plea.

The spouse of the doctor had appealed to the GCC on April 22 to exhume and bury again her husband's body. She had said that burial in the Kilpauk cemetery here was her husband's last wish and he had conveyed it to her before he was put on a ventilator.

The report of experts has said that "it is not safe" to exhume and again bury the body of a COVID-19 victim and hence "it is not possible to accept her request," the GCC said in an official release. On April 19, a city-based 55-year-old neurosurgeon died of coronavirus and his burial at the Velangadu crematorium here was marred by violence.

A mob which falsely feared that the burial may lead to the spread of contagion had attacked the corporation health employees and associates of the deceased doctor. The doctor's wife and son also had to leave the burial ground in view of the violence.

The body was brought to Velangadu as people of Kilpauk area had opposed his burial there. Over a dozen men involved allegedly in violence were arrested and remanded to judicial custody. Later, in a video message, the surgeon's wife had said that it was her husband's last wish to be interred at the Kilpauk cemetery as per Christian rituals

Chief Minister K Palaniswami and DMK president M K Stalin had spoken to her on Wednesday over the phone and condoled her husband's death.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.