Ships are sailing with fake insurance from the Norwegian Ro Marine
1–10 of 144 posts
Re: Ships are sailing with fake insurance from the Norwegian Ro Marine
#2[flagged]
Re: Ships are sailing with fake insurance from the Norwegian Ro Marine
#3[flagged]
The second sentence of the article answers the fake insurance bit; "did not have permission to sell insurance but did it anyway".
If you click the (helpfully underlined) first use of "shadow fleet" in the article it defines it for you. (Or ask Wikipedia; https://en.wikipedia.org/wiki/Shadow_fleet)
Re: Ships are sailing with fake insurance from the Norwegian Ro Marine
#4[flagged]
You can literally press on it in the article and a definition pops up.
Re: Ships are sailing with fake insurance from the Norwegian Ro Marine
#5[flagged]
> What is “fake insurance?”
Do you believe Ro Marine would have paid out claims related to their "insured" vessels?
Re: Ships are sailing with fake insurance from the Norwegian Ro Marine
#6[flagged]
Anything not validated by NATO/ USA is fake, rest of the world should adhere to their terms and definitions as the high seas are owned by them
Re: Ships are sailing with fake insurance from the Norwegian Ro Marine
#7[flagged]
[deleted]
Re: Ships are sailing with fake insurance from the Norwegian Ro Marine
#8Re: Ships are sailing with fake insurance from the Norwegian Ro Marine
#9[flagged]
I feel like TFA answers the fake insurance question pretty well. The company sold "insurance" which was not actually insurance. They were providing a cover for ships selling from a sanctioned country. Those ships were required to have insurance, and no legitimate business would insure them.
Re: Ships are sailing with fake insurance from the Norwegian Ro Marine
#10[flagged]
Anything not validated by NATO/ USA is fake, rest of the world should adhere to their terms and definitions as the high seas are owned by them
Definitely no. The "fake" here is about certainty that no insurance payout would occur in case of issue, meaning for example an oil tanker accidently dumping tons of black goo onto some english seaside resort, no compensation would come out of anywhere.