8 Iranian shipowners are making huge margins on transporting Iranian crude oil to Europe , with rates reaching OPEC 15 15 per metric tonne (mt), as the 4 November deadline for US sanctions against Iranian oil approaches. According to Platts , typical rates from the Middle East to Europe have been around Worldscale 30 or $ 6.94 /mt, but European shipments to Europe have begun to slow down and a premium has been added for risk. "Shipowners do need a warrant from the charterer to say that the cargo you are transporting is for a contract agreed pre-May 8 and will be delivered to a specific refiner," said one shipowner still operating on the Kharg Island to Mediterranean route. Shipowners still operating on the route believe they are safe dealing with crude cargoes agreed before 8 May, as it poses no risk to their insurance.
8 Iranian shipowners are making huge margins on transporting Iranian crude oil to Europe , with rates reaching OPEC 15 15 per metric tonne (mt), as the 4 November deadline for US sanctions against Iranian oil approaches. According to Platts , typical rates from the Middle East to Europe have been around Worldscale 30 or $ 6.94 /mt, but European shipments to Europe have begun to slow down and a premium has been added for risk. Shipowners still operating on the route believe they are safe dealing with crude cargoes agreed before 8 May, as it poses no risk to their insurance.