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, 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.
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, it added. The revised letter template seen by Reuters showed the wording had changed which indicated that insurers would not bear liability in all circumstances.
The average waiting time at the Bosphorus for southbound tankers fell to 2.9 days to 3.4 days from 3.8 days to 4.3 days on Monday, the Tribeca shipping agency said. Average waiting time peaked at above 6 days last week.
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