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Iran announces service fees for ‘authorised’ ships transiting Strait of Hormuz

Iran announces service fees for ‘authorised’ ships transiting Strait of Hormuz

by AIP Online Bureau | Aug 23, 2026 | Eco/Invest/Demography, International News

“Fees will be charged for services including navigation, environmental, fueling under certain conditions, insurance, safety and other services we provide,” Iran’s National Security Commission Spokesperson Ebrahim Rezaei Iran on Sunday said that...
Iran announces service fees for ‘authorised’ ships transiting Strait of Hormuz

Proposed Hormuz passage deal not feasible for shipping industry, sources say

by AIP Online Bureau | Aug 7, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Ships sailing through the strait need to pay an additional war risk premium to ensure they have insurance if their ship is damaged during transit. “Under the clause, insurers have no liability to indemnify any such payment and, where such a payment has been made, are...
Govt hikes fitness test fee for over 20-year-old motor vehicles

Govt hikes fitness test fee for over 20-year-old motor vehicles

by AIP Online Bureau | Nov 19, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management

The Ministry of Road Transport & Highways (MoRTH), in a latest notification issued on November 11, has said the higher fee slabs now begin from 10 years for commercial vehicles instead of 15 years, bringing more vehicles under the updated cost brackets. New...
Karnataka HC stays Centre’s notification on higher fee and penalty on aged vehicles

Karnataka HC stays Centre’s notification on higher fee and penalty on aged vehicles

by AIP Online Bureau | May 12, 2022 | Indian News, Non-Life

As per the notification, fee for renewal of registration of cars older than 15 years was enhanced from Rs 600 to Rs 5,000 and bikes from Rs 300 to Rs 1,000 Fitness renewal certificate fee for buses and trucks older than 15 years was enhanced from Rs 1,500 to Rs...

The Great Reboot:Europe’s banks turn to fees to kick customers’ branch habit

by AIP Online Bureau | Nov 15, 2021 | Banking & Bancassurance, Eco/Invest/Demography, International News

“A main part of our business, taking deposits, is becoming a loss-making activity. What was once part of our core business and profits is now making losses,” said Caixabank’s CEO Gonzalo Gortazar last month. Charges on a debit card for non-loyal...

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