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'Griar Insurance' Insured 'Armenia' Sailboat Which Set Out Round-The

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  • 'Griar Insurance' Insured 'Armenia' Sailboat Which Set Out Round-The

    'GRIAR INSURANCE' INSURED 'ARMENIA' SAILBOAT WHICH SET OUT ROUND-THE-WORLD TRIP

    ArmInfo
    2009-05-29 18:53:00

    ArmInfo. The sailboat "Armenia" which set out from Valencia port on
    28 May to the round-the-world trip with a crew that consists of 7
    people, was insured by Armenian 'Griar Insurance' company for about
    1 bln Armenian drams (700 thsd EUR). The reinsuring was implemented
    by the known company with the relevant international rating.

    As director of 'Griar Insurance' Armen Petrosyan told Arminfo
    correspondent, the crew of the boat, responsibility of the owner of
    the boat and the sailboat itself were insured.

    To note, 'Griar-Insurance' was provided the licence to insure water
    vehicles and responsibility for using the water vehicle in February
    2009 and it is the only company with such qualification in the market.

    To recall, the sailboat will sail to Gibraltar, Atlantic Ocean,
    Barbados Island, Panama Channel, Pacific Ocean, North America, then
    back to Panama, Atlantic Ocean, South America, C. Horn, Pacific
    Ocean, New Zealand, Australia, Indian Ocean, Indonesian Islands,
    Singapore, Hindustan Peninsula, Persian Gulf, Red Sea, Suez Channel
    and Mediterranean Sea. The official terminal is Beyrut port, with
    Valencia being a de jure terminal.
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