OREANDA-NEWS. Ingosstrakh Insurance Company paid insurance compensation of about RUR 30 m due to the damage to diesel-electric ship Norilsk Nickel owned by Mining and Metallurgical Company Norilsk Nickel OJSC.

The vessel was insured by Ingosstrakh Insurance Company under hull insurance policy with the liability for the total loss and damage. Upon the completion of the required expert examination, Ingosstrakh Insurance Company paid the owner of the vessel insurance compensation pursuant to the terms of the insurance agreement.

Ingosstrakh Insurance Company has cooperated with MMC Norilsk Nickel OJSC in the sphere of marine insurance since 2010. Ingosstrakh Insurance Company provides insurance protection for 7 vessels owned by the company.

MMC Norilsk Nickel OJSC is the world's largest producer of nickel and palladium and one of the world's leading producers of platinum and copper. It also produces various by-products, such as cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and sulphur. The main activities of the Group are prospecting, exploration, extraction, refining and metallurgical processing of minerals, as well as the production, marketing and sales of base and precious metals. The Group's production units are located on three continents and in five countries: Russia, Australia, Botswana, Finland and South Africa.

The company has its own fleet of ice-class vessels, which includes a diesel-electric ship Norilsk Nickel, the first ship named after the company.