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A group of insurers warned shipowners this week to be careful when signing deals to carry Iranian oil because the United States has not been able to clarify whether insurance claims will be paid after the suspension of sanctions ends in July.Uncertainty over post-July insurance payments, however, has made the suspension of sanctions on ship cover "of very limited, if any, value to shipowners," the group of shipping insurers said in a note this week.P&I claims can take one or two years to settle, said a Japan P&I Club official.If claims cannot be settled within six months it would be similar to having no insurance, he added.
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