Speaking to reporters on Sunday, Mohsen Qarehkhani said all vessels
have two kinds of insurance coverage, namely liability insurance
and hull insurance.
The hull insurance of Sanchi had been covered by Iranian companies and the liability insurance by foreign companies, he said.
official also said all parties involved in the liability insurance of
the Iranian oil tanker are foreigners and their shares of compensation
have been paid.
He further said the compensation covered
by protection and indemnity insurance commonly known as “P&I”
insurance has also been paid by foreign companies.
32 people on board, collided with the Chinese freight ship in the East
China Sea on January 6 and sank after burning for eight days.
crew members of the oil tanker, including 30 Iranians and two
Bangladeshi sailors, were tragically killed due to inhaling toxic gas
and the huge fire which embraced the tanker since the outset of the
The Panama-registered tanker was carrying 136,000
tons of condensate, an ultra-light crude that is highly flammable, to