Apparently, "Hormoz Seif" is considered the only valid insurance under Iranian sovereignty for ships passing through the Strait of Hormuz. This insurance provides security and guarantees for the passage of ships under the cover of the support and protection of the Iranian armed forces.
According to reports, transiting ships will pay an insurance premium of between 1 and 2 percent of the cargo price, depending on the type of cargo and the flag. The transit fee is also calculated in rials, but it will be paid via Bitcoin and then converted into rials.
Other services provided by this insurance include marine services, catering, fueling, and logistical support.
It is said that ships that fly the Iranian flag will enjoy various discounts and benefits.
Rumor has it that this digital insurance company is in the development and preparation stage for its unveiling, with an official launch scheduled for the coming days.
