What is the significance of Indian Oil Corp chartering a VLCC to load Iraqi oil at this time?

Indian Oil Corp (IOC), India's top refiner, has chartered the very large crude carrier (VLCC) Lila Jamnagar to load 2 million barrels of Iraqi oil from the Basrah Oil Terminal around July 23, marking a resumption of Iraqi oil imports after a near-halt caused by the effective closure of the Strait of Hormuz following U.S.-Israeli attacks on Iran. The cargo will be delivered to eastern Indian ports of Paradip and Chennai, and this move follows the partial reopening of the Strait of Hormuz — a critical maritime chokepoint whose closure had severely disrupted shipping routes for Iraqi crude exports to India. IOC, a state-owned refiner that typically purchases Iraqi oil on a free-on-board (FOB) basis, had almost entirely suspended such purchases during the strait’s closure, making this VLCC charter a concrete indicator of restored logistical feasibility and renewed supply continuity.

Which vessel, origin, volume, destination, and timing are specified for IOC’s Iraqi oil lift?

The vessel is the very large crude carrier (VLCC) named Lila Jamnagar; it will load 2 million barrels of crude oil from the Basrah Oil Terminal in Iraq around July 23; the cargo is destined for the eastern Indian ports of Paradip and Chennai. This information is explicitly stated by three shipping sources cited in the news body, with no ambiguity regarding the ship name, origin terminal, volume, delivery locations, or scheduled loading timeframe.