To: bkopto
The CEP will buy insurance and use that to cover the ships in its convoys, so owners will no longer need to pay premiums, or hire security. Can you imagine the first ship owner that says "no thanks, I don't need insurance around Somalia, I'll depend on the Somalia Navy instead".
No? Me neither.
3 posted on
05/16/2012 12:30:48 PM PDT by
thackney
(life is fragile, handle with prayer)
To: thackney
It ain’t an either-or, but contracting this navy might give a merchant a discount on his piracy insurance.
15 posted on
05/16/2012 12:53:33 PM PDT by
HiTech RedNeck
(Mitt! You're going to have to try harder than that to be "severely conservative" my friend.)
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