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A vessel is seen arriving at Odesa in southern Ukraine under the Black Sea Grain Initiative on April 12, 2023.

Insurers, Ukraine launch war-risk ship insurance

Program announced in effort to cut grain costs

Reuters – Insurance broker Marsh, Lloyd’s of London insurers and Ukrainian state banks have launched a program to cut the cost of claims for damage to ships and crew transporting grain through the Black Sea corridor, Marsh said Nov. 15. Kyiv launched a “humanitarian corridor” in August for ships bound for Africa and Asia to