Russian oil tankers get India safety cover via Dubai company

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NEW DELHI/LONDON - India is providing safety certification for dozens of ships managed by a subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India an

d elsewhere after Western certifiers withdrew their services due to global sanctions against Moscow.

An Indian shipping source familiar with the certification process said most of Sovcomflot's vessels had now migrated to IRClass, via the Dubai arm. India, which has refrained from condemning Russia given its longstanding security ties, has sharply boosted Russian crude oil purchases in recent months. Russian grades accounted for about 16.5 per cent of India's overall oil imports in May, compared with about 1 per cent in all of 2021.India's ship certifier is one of 11 members of the International Association of Classification Societies , top-tier certifiers that account for more than 90 per cent of the world's cargo-carrying tonnage.

The four leading IACS members, from the UK, Norway, France and the United States, have stopped services to Russian companies due to the sanctions.

 

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