Singapore shipping insurer EF Marine has won clearance to operate in the Indian market.
The company said it had won approval from the Directorate General of Shipping.
India's 2012 Merchant Shipping Rules require overseas-flagged vessels of more than 300 gt to be insured against claims when entering or leaving ports or anchorages, or seeking port facilities in Indian territorial waters.
EF said the vessel’s agent will need to submit a valid P&I certificate of an approved insurance provider to the port authority.
The company provides fixed premium P&I solutions to owners, charterers and multimodal operators through offices in Singapore and Rotterdam.
It has AA- security from Swiss Re with limits of up to $500m.
