Questions around the G7 Russian oil price cap abound, but not for lack of trying from the International Group of P&I Clubs.
The trade group lobbied governments for changes to price cap rules to make things more comfortable for shipping, Skuld vice president Nik Ivanov and Shipowners Claims Bureau chief operating office Dan Tadros said at the annual HACC-NACC Shipping Conference in New York on Tuesday.
“When we first got there, the original version of this oil cap, the price cap included the word ‘shipper’, because to the US government, ‘shipper’ meant the ship, the charterer, the supplier, anyone who gets the oil,” said Tadros, who sits on the International Group’s sanctions committee and held discussions with US government officials on the rules.
