pi_circular Tanker Compliance & regulationGeopolitical risk Gard
Selling an oil tanker in today’s sanctions landscape is not as simple as signing a contract. Under EU rules, sellers must notify authorities – and in some cases get prior approval – to avoid liability if a vessel later ends up transporting sanctioned Russian oil. The question is: how far does the seller’s responsibility go?
Sales of oil tankers – is the buyer’s compliance the seller’s risk? | Gard's Insights
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