Search for ships currently entered in the London P&I Club by their name or I M O number Search Search for correspondents in our global network by country/area or port/city Search US Sanctions – Venezuela government, agencies and entities targeted in new Executive Order 13884 12 August 2019 Members should take note of the latest US sanctions against Venezuela set out in Executive Order 13884 (issued on 5 August 2019) as well as amendments to the existing 12 General Licenses and a further 13 General Licenses issued on 6 August. New York law firm Freehill Hogan & Mahar LLP (Freehills) report on the impact of the Executive Order 13884, along with the new FAQs issued the following day on 6 August, for both US and non-US persons/entities, the highlights of which are as follows:- 1. US Persons/Entities (i) All property and interests in property of the Government of Venezuela within the US or in the possession/control of a US person are blocked, effectively freezing all Venezuelan Government assets within the US and preventing their use of the US financial system. (ii) The Executive Order combined with the FAQs defines the Government of Venezuela as the Government, any agencies of that Government, and entities owned or controlled by that Government. FAQ 680 states that, unless expressly authorised by the US Government, US persons/entities are prohibited from trading/transacting with the Government of Venezuela as defined in the Executive Order and clarifies ownership/control as any entity in which the Government of Venezuela owns, directly or indirectly, a 50% or greater interest. The FAQs further clarify that the prohibition is applicable even if those entities are not specifically named on the US Specially Designated Nationals (SDN) List. (iii) General Licenses (a) General License 28 provides a grace period until 4 September 2019 for all transactions and activities which are ordinarily incident and necessary to the wind down of operations, contracts or other agree