OREANDA-NEWS. August 21, 2008. ROSNO and the Russian National Sailing Federation (RNSF) have concluded the shipowner’s third party liability insurance contracts for the total insurance amount of 6 million euro, the press-centre of ROSNO reported.

The yachts belonging to the shipowners whose liability has been so insured, will participate in the regatta during the XXIX Summer Olympics in China.

The liability insurance covers four yachts: yacht of the 470 class of brothers Mikhail and Maxim Sheremetyevs from St. Petersburg, representing the Russian sailing team, and three speed boats with trainers who accompany our sportsmen at the Games. The liability for the damage inflicted to property, life and health of third parties has been insured for 1.5 million euro per each yacht.

At present, the yachts, yachtsmen and trainers are in Qingdao, in the littoral part of the Yellow Sea, where the racing competition is held.