Sanctions relief will be applied for six months, which willfree insurers to cover Iranian oil and the tankers carrying it.
A trade ban on petrochemicals will also be temporarily lifted, Reutersreported.
The date of 20 January is dependent on the International Atomic EnergyAgency (IAEA) confirming Iran has met its side of the bargain, curbing itsnuclear work.
P&I clubs welcomed the move, saying they would take a step-by-stepapproach to cargo cover.
Andrew
