Bloomberg Law
Aug. 21, 2023, 5:03 PM

Ukraine in Talks With Insurers on Deal to Cover Grain Exports

Alex Longley
Alex Longley
Bloomberg News
Volodymyr Verbyany
Volodymyr Verbyany
Bloomberg News

Ukraine’s government is in talks with insurers to start a new program to cover ships hauling grain through some of the riskiest parts of the Black Sea.

The service could start as soon as early September, though a precise framework is still being worked out, said Marcus Baker, global head of marine, cargo and logistics at insurance broker Marsh.

The program would help provide cover for vessels carrying Ukraine’s grain out of its ports in the northern Black Sea, which haven’t seen any inbound crop vessels since Russia pulled out of a regional pact to facilitate shipments in July. ...

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