The decision is reported to have been conveyed in a letter written by INTERTANKO chairman, Nikolas Tsakos, to NITC managing director, Ali-Akber Safaei, an Iranian news agency said.
NITC’s return to the association comes after several years of suspension through the US and EU sanctions, which were lifted in January.
Intertanko’s general counsel Michele White explained in a statement; “NITC were long standing members of INTERTANKO, prior to the introduction of EU and US nuclear-related sanctions.
“With the recent lifting of these sanctions, INTERTANKO is pleased to be able to welcome them back as members, provided they are able to meet the membership criteria.
"This requires them to have International Group P & I insurance cover (or equivalent) and to be classed with a member of the International Association of Classification Societies (IACS). NITC anticipate that they will be able to meet these requirements in the near future,“ she said.
In a separate move, Tehran has issued claims for unpaid dues for oil, which were put on hold due to the sanctions. For example, Iran has asked India to clear its past oil debt amounting to over €6 bill within six months, the IRNA news agency said.
Indian Oil Corp (IOC), which allegedly owes over $400 mill to Iran, may be the second in the queue followed by smaller payments by HPCL-Mittal Energy (HMEL) and Hindustan Petroleum Corp, NITC reportedly said.