Rates to stay flat for Ukraine grain cargo insurance-Ascot

A cargo insurance facility providing cover for shipments via Ukraine’s grain export corridor will continue next year with no rate increases, an underwriter with Lloyd’s of London (SOLYD.UL) insurer Ascot said on Thursday.

Twenty-one insurers are part of the facility, which is led by Ascot and arranged by broker Marsh (MMC.N).

Ships entering the three Ukrainian ports that have been part of the U.N.-backed agreement are usually required by their banks to have various insurance policies in place, including hull and cargo war cover, which is renewed every seven days.

View entirety: Reuters