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Chinese tanker, able to carry 2 million barrels of crude, seen at Iran port

Source: Press TV

A Chinese supertanker with the capacity to carry two million barrels of crude has docked and embarked at an Iranian port, the first such move since the European Union imposed sanctions on Iran's oil in July.

According to data from HIS Fairplay, a research company based in England, the Chinese vessel, belonging to the country's biggest shipping company China Ocean Shipping, was seen at Kharg Island, Iran's largest export terminal, on March 21, Bloomberg reported on Wednesday.

Since July 2012, when the EU imposed new bans on Iran to prevent its member states from purchasing, trading and insuring the Iranian oil, it is the first time that a Chinese tanker has visited a port in Iran, the company said.

"As far as I can see, this is the first confirmed visit to an Iranian port by a Chinese-owned crude oil carrier since the ban," said Richard Hurley, senior maritime data specialist at IHS Fairplay.

The ship has been insured by Skuld, a company based in Oslo, for protection and indemnity risks, according to the insurer. The company said its cover for any vessel would terminate if it had to face sanctions due to EU laws regarding Iran's oil. However, Skuld did not verify if its cover for the Chinese oil carrier has been excluded.

"We insure ships on a yearly basis and do not usually know what particular activity a ship is engaged in at any one time," Skuld said in its statement. "In general we only become aware of a particular ship's location and cargo if there is an incident giving rise to a claim. An owner is not obliged to inform Skuld about the trade he is conducting with the vessel."

China has frequently announced its opposition to the unilateral sanctions that the US and the EU have imposed on Iran over allegations that the Persian Gulf country is seeking to militarize its nuclear technology, a claim Iran has vehemently rejected.

"China maintains normal and transparent energy cooperation with Iran in accordance with its own energy requirements," Foreign Ministry Spokesman Hong Lei said at a press conference in Beijing on Tuesday.

"We obviously oppose some country imposing sanctions against another country according to their own domestic laws," he added.

... Payvand News - 03/29/13 ... --

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