I think that China P&I has other business and the tougher sanctions on oil trade with Iran with teeth will risk that. Like maybe exports of products from china to the US and others. It seems that an insurer in violation of sanctions might have difficulty entering US ports, unloading cargoes. This is a cold calculation, nothing to do with cheering the US agenda. Irani oil will likely make its way to China, despite this, or other insurance coverage drops.
Craig Hill 
Hi,
That is unbelievable for an Insurance company to get behind sanctions.
I think that China P&I has other business and the tougher sanctions on oil trade with Iran with teeth will risk that. Like maybe exports of products from china to the US and others. It seems that an insurer in violation of sanctions might have difficulty entering US ports, unloading cargoes. This is a cold calculation, nothing to do with cheering the US agenda. Irani oil will likely make its way to China, despite this, or other insurance coverage drops.
Interesting…….:-)
Subhan Zein