

Who Pays When a Tanker Is Hit?The Financial Architecture of Maritime Conflict
Location: Strait of Hormuz. Time: 0300 hours.A fully laden tanker makes slow headway through the darkness when a violent explosion tears through the silence. Steel shudders, alarms begin to clang, and the crew races to emergency stations. Within minutes the operator, charterer, insurers, cargo owners, financiers, and governments are responding. What began as an attack on a single ship has become an international commercial event.











