pi_circular Compliance & regulationGeopolitical risk Shipowners' Club
Emergency Contact Libya: Sanctions overview Home Latest updates News Libya: Sanctions overview 21 Nov 2018 Download Sign up for alerts In 2011, following the outbreak of civil war in Libya and subsequent human rights violations, the UN and the EU imposed sanctions on Libya. It is important that Members are aware of these sanctions if they are conducting business in or near Libya. UN Sanctions Illicit Crude Oil Exports UN Resolution 2146/2014 targets “illicit” crude oil exports from Libya (i.e. any crude oil exports that are not approved by the official Libyan government) and requires Member States to (a) inspect vessels designated by the UN that might be carrying illicit crude oil (b) ensure the return to Libya of any illicit crude oil thereby discovered and (c) prevent any designated vessel carrying illicit crude from calling at any of their ports. In November 2018 the UN decided to extend until 15 February 2020 the authorisations provided by and the measures imposed by resolution 2146 (2014), and decided further that the authorisations provided by and the measures imposed by that resolution shall apply with respect to vessels loading, transporting, or discharging petroleum, including crude oil and refined petroleum products, illicitly exported or attempted to be exported from Libya. Arms Embargo UN Resolution 1970/2011 imposes an arms embargo on Libya, banning Member States from selling to or buying from Libya any cargo that includes armaments, and requiring them to seize any such cargoes that are discovered. The Resolution also requires Member States to freeze the assets of various individuals. Travel Bans and Asset Freezes Member States are required to prevent the entry into or transit through their territories of all listed individuals and to freeze funds, other financial assets and economic resources owned or controlled directly or indirectly by listed individuals in Resolution 1970 (2011). EU Sanctions EU sanctions apply to EU nationals and reg
Libya: Sanctions overview
Shipowners' Club
Read full article at Shipowners' Club →
Opens Shipowners' Club in a new tab