BP TO REQUIRE TANKERS TO HIKE COVERAGE
Another major oil company will require chartered tankers to carry $700 million in pollution insurance. BP Shipping says the optional $200 million coverage above the new $500 million pollution insurance available through protection and indemnity groups must be in force when a tanker is working for the company. Shell International Marine earlier told tanker owners the added coverage is required when working for Shell (OGJ, Mar. 5, p. 30).