Griar Insurance to insure ships sailing under Armenian flag

PanARMENIAN.Net - Griar Insurance company requested the Central Bank of Armenia for a license for insuring water transport.



"Many will be surprised at the company's decision because Armenia doesn't have outlet to the sea. However, the issue is very urgent. Besides the yachts and cutters in Lake Sevan, the company will insure ships sailing under Armenian flag," Armen Petrosyan, Griar Insurance Executive Director, told a PanARMENIAN.Net reporter.



"Many countries with outlet to the sea do not allow not insured ships in their ports," he added.



"Responsibility for pollution is another aspect in insurance policy. Tank ship wrecks results in oil pouring into the sea, what is equal to ecological catastrophe," Armen Petrosyan said.