Emergency Contact FAQs on IG Circular: General Trade Licence dated 17 March 2022 – Reporting of vessel calls to Russia and transiting Russian territorial waters Home Latest updates News FAQs on IG Circular: General Trade Licence dated 17 March 2022 – Reporting of vessel calls to Russia and transiting Russian territorial waters 26 May 2022 Download Sign up for alerts On 19 May 2022, The Shipowners’ Club (the “Club”) issued an IG Circular on The General Trade Licence dated 17 March 2022. The Circular explains that Members must now report to the Club all vessel calls to Russia and transits through Russian territorial waters, and the regulatory basis for this new requirement.  This article sets out some of the Frequently Asked Questions we have received on the Circular.  The information below sets out the Club’s best understanding of the legal requirement imposed upon it and its Members and other insureds under the UK Russia (Sanctions) (EU Exit) Regulations and its accompanying General Trade Licence and is subject to change from time-to-time. Q1: Why are Clubs in the International Group requiring their Members and other insureds to provide information related to calls at Russian ports or transits through Russian territorial waters? Given the Club provides “insurance-related services” (e.g. claims handling and underwriting) in the UK, it is only lawful to provide insurance for vessels calling at Russian ports or transiting Russian territorial waters if, amongst other things, the Club keeps records of the information described in the Circular.  The Club can only comply with this record keeping obligation if the information is first provided by Members and other insureds.  As explained in the Circular, if this information is not provided, cover may be prejudiced. Q2: Do Members need to report port calls and transits from 17 March onwards? Yes.  A report must be made if on or after 17 March 2022 an entered vessel calls at a Russian port or transits