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What would the penalty be for not being insured?
The decision make sense on principle. To have any effect, it needs a penalty and enforcement.
Poke a hole in it
That would beat the purpose of insurance.
Insurance is about risk management, and poking a hole is creating some risk, especially for the local environnement and nearby shores.
There goes my plan passing thru on a raft.
Insure the raft, problem solved!
It’s more of a “probable cause” - oh,we are boarding you to check on your insurance papers. Captain,why do you have surveillance equipment hidden on your deck? Captain, why are transporting embargoed goods?
Additionally it makes it far harder for the illegal transfers in front of Greece.
