Increasing the risk of sea freight currency exchange with no access to SWIFT

Currently, due to the sanctions, currency transactions and lack of access to SWIFT for currency exchange are the most important problems and challenges of Iranian vessel owners. Unfortunately, Iran does not have access to SWIFT, and if it is discovered in any way that an Iranian is involved in this activity, it is possible that those funds will be stopped and confiscated.

Pointing out that obtaining insurance for vessels and placing them under the class does not include sanctions, he said: One of our problems is that we are not able to use international rankings due to lack of access to the international banking system. In addition, the insurances under the title of Protection and Indemnity Club have been removed from our hands for this reason. Of course, the country’s shipping fleet has been able to play an irreplaceable role in replacing these insurers.

Fortunately, we are in the best possible conditions in the field of port infrastructure. Currently, access to software, international investments and traffic leading to the establishment of hub operations is difficult and sometimes far from reach for the country, but Iran’s ports are in a very favorable condition in terms of the necessary capabilities in accordance with international standards and maintaining the safety of people, ships and goods. In such a way that we have all the necessary tools for unloading, loading, towing and mooring the ship inside the country and Iran’s ports are in a favorable condition.