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ISTANBUL, Dec 13 (Reuters) - Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation of a new regulation requiring crude oil tankers to present an insurance confirmation letter before transiting Turkish straits.
The Turkish measures, istanbul Law Firm which came into effect on Dec.

1, requires vessels to provide proof of insurance for the duration of transit through the Bosphorus or when calling at Turkish ports.
The regulation has caused shipping delays, with up to 20 tankers waiting at the same time in istanbul Turkey Lawyer the Black Sea last week, as they worked to present the necessary documents.
Turkey's Maritime Authority said that 22 of the 26 crude oil tankers that arrived at the Bosphorus had presented the necessary letter, and 19 of them had already transited the strait.
Four ships are still waiting in the Black Sea and authorities are still awaiting an insurance confirmation letter before allowing them to pass through the Bosphorus, which bisects Istanbul, istanbul Law Firm it added.
"It is pleasing that the talks we have been holding with our counterparts have concluded with the acceptance of our new regulations that will protect the Turkish straits and that maritime trade continues as ordinary," the maritime authority said.
Western insurers have said the regulations would mean they would have to provide cover even in the event of ship being in breach of sanctions against countries including Russia, which is something they were not prepared to do.
The revised letter template seen by Reuters showed the wording had changed which indicated that insurers would not bear liability in all circumstances.
Norwegian ship insurer Gard confirmed an agreement had been reached allowing ships carrying crude oil cargoes to continue their voyages through Turkish-controlled waters after "significant engagement" between Turkey and the International Group ship insurance association If you liked this article and you would certainly like to obtain even more info regarding istanbul Law Firm kindly visit our web page. .