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Thiefage in relation to tankers refers to the unauthorized removal or pilfering of cargo during transport, typically involving the theft of oil or other valuable materials. This can occur at various points in the supply chain, including loading, transit, or unloading. Thiefage poses significant financial risks to shipping companies and can lead to legal repercussions and increased insurance costs. Preventive measures, such as enhanced security protocols and monitoring systems, are often implemented to mitigate these risks.

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6d ago

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