Insurance Company: No Claims Yet Due to Pertamina Ships Detained in Strait of Hormuz

Jakarta (ANTARA) - PT Asuransi Tugu Pratama Indonesia Tbk (Tugu Insurance, stock code: TUGU), a subsidiary of PT Pertamina (Persero), reports that no claims have been received by the company regarding two Pertamina ships detained in the Strait of Hormuz.

President Director of Tugu Insurance, Adi Pramana, stated that as the provider of insurance services for both ships, the company is continuously communicating with Pertamina regarding the situation.

“We are always coordinating with Pertamina on the condition of the situation. Hopefully, these ships can return quickly,” said Adi Pramana in an official statement received in Jakarta on Saturday.

He mentioned that the increased risk of ship travel in the Middle East region has led the company to slightly raise premium prices.

“For this war, there is certainly a slight increase in risk, so there is a slight addition to the premiums. We are fully supporting the government with all efforts to bring those ships back to Indonesia,” Adi said.

Technical Director of Tugu Insurance, Fadlil Iswahyudi, stated that the insurance provided by the company can only be claimed if there is material damage to the insured ships, such as from drone attacks, bombs, or torpedoes from warring parties.

Meanwhile, risks of delayed delivery of goods or ship arrivals are not claimable.

The company hopes that both Pertamina ships can return to Indonesia safely.

“Basically, war is not covered, unless there is a torpedo, drone, or bomb hit,” said Fadlil Iswahyudi.

According to the Vessel Finder ship tracking website as of Saturday (11/4) at 17:58 WIB, the two tankers operating for Pertamina are still in the Persian Gulf area.

The Pertamina Pride ship was detected off the coast of Al Jubail, Saudi Arabia, 3 minutes ago, while the Gamsunoro ship was detected off the coast of Dubai, United Arab Emirates, 32 hours ago.

Previously, the Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, said in Jakarta on Wednesday (8/4) that the government is still communicating with relevant parties.

He stated that communication continues to be built in the hope of finding a way out for both ships during a two-week ceasefire pause in the Middle East.

“With the two-week pause rather than escalation in the Middle East, hopefully it can be resolved quickly,” said Bahlil Lahadalia.