The decision had implications for all classes of insurance and reinsurance business as the scope of the EU sanctions on Iran was in fact significantly wider than what previous market guidance have suggested.he contract of insurance was a composite policy of marine insurance covering hull and machinery risks on the NITC fleet of Iranian oil tankers, and the co-assured included a Cypriot operating company, Arash Shipping Enterprises Co. Ltd, which was owned or controlled by Iranian nationals.
The tipping point is the critical point in an evolving situation that leads to a new and irreversible development. The term is said to have originated in the field of epidemiology when an infectious disease reaches a point beyond any local ability to control it from spreading more widely.
Sway definition, to move or swing to and fro, as something fixed at one end or resting on a support. See more.