DFS Launches $1.5 Billion Bharat Maritime Insurance Pool Amid Middle East Tensions - tennews.in: National News Portal
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India Launches Bharat Maritime Insurance Pool to Protect Indian Vessels Amid West Asia Crisis - India Seatrade News
The Indian government has launched the Bharat Maritime Insurance Pool to provide risk coverage and insurance support for Indian vessels operating amid escalating tensions and security concerns in West Asia. The initiative aims to safeguard maritime trade operations by ensuring continued insurance availability for ships navigating high-risk routes, including areas affected by geopolitical instability. The insurance mechanism has been introduced t…
DFS launches $1.5 billion Bharat Maritime Insurance Pool amid Middle East tensions - tennews.in: National News Portal
New Delhi, May 12 (IANS) In a move aimed at safeguarding India’s maritime trade and shipping operations amid escalating tensions in the Middle East, the Department of Financial Services (DFS), Ministry of Finance, on Tuesday launched the ‘Bharat Maritime Insurance Pool’ (BMIP) with a total underwriting capacity of $1.5 billion and a sovereign guarantee support […] The post DFS launches $1.5 billion Bharat Maritime Insurance Pool amid Middle East…
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