Mumbai—India could provide sovereign guar-antee protection to domestic shipping lineswhich face the loss of comprehensive insur-ance cover when European Union sanctions onIran come into force in July, shipping secretaryK. Mohandas said in New Delhi February 28.“The government is exploring options likesovereign guarantee and Cost & Freight (C&F)for importing crude from Iran in the wake ofEuropean sanctions,” Mohandas said, quotedby the Press Trust of India. A decision will betaken in the next two to three months, he said.
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