Ascot resumes Black Sea grain cover

Lloyd’s of London insurer Ascot is again quoted under its cargo insurance program for the Black Sea grain corridor, Reuters reports.

“In response to today’s news, the Ascot-led ‘AsOne’ facility is quoting again, effective immediately, and we have already issued quotes this morning,” Chris McGill told Reuters by email.

Other insurers also provide coverage under this program.

Ascot said on Monday it was suspending coverage of vessels after moscow pulled out of an UN-brokered grain export deal.

On Wednesday, russia said it would resume its participation in the "grain deal".

Lloyd’s announced it will insure vessels moving via the "grain corridor" in late July, following the "grain deal" signing in Turkey.