Ascot suspends writing new cover for Ukrainian shipments

Ascot suspends writing new cover for Ukrainian shipments

A senior official from Ascot Group has today revealed that the Lloyd’s of London insurer is pausing writing cover for new shipments using the Ukrainian grains corridor until it can better understand the situation – according to a report in Reuters.

The report noted that Moscow said it was forced to pull out of the Black Sea grain shipping deal following damage to Russian navy ships in the Crimean port of Sevastopol on Saturday.

“From today we are pausing on quoting new shipments until we better understand the situation,” Ascot head of cargo Chris McGill

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