No Claims Yet for 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), has reported that no claims have been received by the company regarding the two Pertamina ships detained in the Strait of Hormuz.
Tugu Insurance President Director Adi Pramana stated that as the provider of insurance services for both ships, his company is continuously communicating with Pertamina about the situation.
“We are always coordinating with Pertamina on what the situation is like. Hopefully these ships can return quickly,” said Adi Pramana in an official statement received in Jakarta on Saturday.
He stated that the increased risk of ship travel in the Middle East region has led his 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 truly supporting the government with full effort to bring those ships back to Indonesia,” said Adi.
Tugu Insurance Technical Director Fadlil Iswahyudi stated that the insurance provided by his company can only be claimed if there is material damage to the insured ship, such as being hit by a drone attack, bomb, or torpedo from warring parties.
Meanwhile, the risk of delays in cargo delivery or ship arrival is not covered by claims.
His side also hopes that the two Pertamina ships can arrive back in Indonesia safely.
“Basically, war is not covered, unless it results in 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, 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 mentioned that communication is continuously being built in the hope of finding a way out for the two ships during a two-week ceasefire pause in the Middle East.
“With the two-week pause from the escalation in the Middle East, hopefully it can be resolved quickly,” said Bahlil Lahadalia.