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Iran Shipping Co. to Take US, EU to Court

Service : Economy
TEHRAN, June 11 (ICANA) – The Islamic Republic of Iran Shipping Lines (IRISL) says it is to take legal action against the US and the European Union over sanctions they imposed against Tehran.
Saturday, June 11, 2011 8:48:59 PM
Iran Shipping Co. to Take US, EU to Court

“With four resolutions and one manifesto since 2006, the Islamic Republic of Iran has become the target of the EU and US attacks [carried out] by means of sanctions and resolutions,” said the IRISL's managing director, Mohammad Hossein Dajmar, Mehr News Agency reported on Friday.

Dajmar said the most important of resolutions was the one adopted in 2010, which enabled the governments to impose their own sanctions against Tehran.

The IRISL has taken some actions in the UK, the European and US courts in coordination with the International Legal Affairs Department of Iran's Presidential Office, he noted.

“The company's launch of a lawsuit with Britain ['s Royal] Courts [of Justice] against the P&I [Steamship Mutual] Club may be referred to as a case in point whose verdict was fortunately issued in favor of the Islamic Republic of Iran,” he said.

The court ordered the club to fulfill its insurance obligations and pay compensation to Iran's shipping lines. P&I had shirked its responsibilities after the UK ordered its financial firms to stop all business with the IRISL in 2009.

“Shipping around more than 35 million tons of merchandise on the international level last year, [the IRISL] has been able to successfully pass through the crisis,” Dajmar said.

“The shipping lines, in the current circumstances of sanctions, which are referred to as the “soft war,” is capable of playing its role as the country's defensive forefront,” he added.

He said that the IRISL's fleet has “the potential to ship in more than two-thirds of the shipments required by the country in the event of [further] restriction of the terms of the imposed sanctions.”

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