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Cancelled Iran shipment as P&I club refused to cover: SCI

Shipping Corporation of India declined to provide its tankers to Indian Oil Corporation (IOC) for lifting Iranian oil. In an interview to CNBC-TV18, S Hajara, chairman and managing director of SCI says, it cancelled the shipment as P&I club, which covers that particular vessel, refused to cover that Iran voyage.

March 02, 2012 / 16:02 IST
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Shipping Corporation of India declined to provide its tankers to Indian Oil Corporation (IOC) for lifting Iranian oil. In an interview to CNBC-TV18, S Hajara, chairman and managing director of SCI says, it cancelled the shipment as P&I club, which covers that particular vessel, refused to cover that Iran voyage.

Below is the edited transcript of his interview on CNBC-TV18. Also watch the accompanying video.

Q: You had to cancel a shipment to Iran. Is that true?

A: Yes, it

first published: Mar 2, 2012 03:11 pm

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