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Shippers raise the alarm on insurance law
A ship delivers cargo at the port. New Insurance Act paves the way for more Kenyan firms to cover global vessels. PHOTO | FILE
Shippers are pushing for staggered implementation of a policy that requires importers to purchase marine insurance policy in Kenya amid concerns over the ability of local underwriters to cover high-profile sea risks.
Shippers Council of Eastern Africa (SCEA) chief executive Gilbert Langat said the government ought to apply the policy — which takes effect in January — to smaller cargo before graduating to bulk cargo such as petroleum and grain.
