24 maritime news articles about Sanctions
Home Publications Articles Venezuela Sanctions Update Venezuela Sanctions Update Withdrawal of sanctions relaxation measures under OFAC General License 44 Publications Sacha Patel Published: April 22, 2024 Contact author Download article pdf On 17 April 2024, the US took action to withdraw General License 44 and replac
As stories of the oil price cap fill the press, readers could be forgiven for thinking that sanctions concern only tanker operators and the oil industry. But
Home Publications Articles EU 10th Package of Sanctions against Russia EU 10th Package of Sanctions against Russia Publications Sacha Patel Published: April 11, 2023 Contact author Download article pdf On 25 February 2023 the EU adopted its 10th package of sanctions against Russia. The relevant EU Regulations and Coun
Home News and Resources News News 02 Mar, 2023 US impose further sanctions against Russia Tony Paulson Head of Asia & Corporate Director On 24 February 2023, the one year anniversary of Russia’s invasion of Ukraine, the US Department of State and the US Department of Treasury’s Office of Foreign Assets Control (OFA
On 16 December 2022 the EU adopted the 9th package of Russian sanctions. A number of Regulations and Decisions were published (full details can be found here) but of particular significance for Members is Council Regulation (EU) 2022/2474 which further amends Regulation (EU) 833/2014 (the Regulation).
Home Publications Articles EU 8th Package of Sanctions against Russia EU 8th Package of Sanctions against Russia Publications Steamship Mutual Published: October 06, 2022 Contact author Download article pdf The EU adopted an eighth package of sanctions on 6 October 2022 in response to Russia’s continued military aggres
Please check here for the latest update on the sanctions on Russia. Home / News / Loss Prevention / Sanctions on Russia update Advice, Loss Prevention, Member Alert Sanctions on Russia update Göteborg: 11 August, 2022 Please check here for the latest update on the sanctions on Russia.
Circular issued by International Group clubs 1 July and amended 27 July The European Union's 6th Sanctions Package - EU Regulation 833/2014 – (the "Regulation") On 21 July 2022 the European Union published a Maintenance and Alignment Package. The package included amendments to Regulation (EU) No.
Please note that our INSIGHT: Russia Sanctions page has been updated with Sanctions in response to Russia’s recognition of Donetsk and Luhansk People Republics. See Russia Sanctions .
Circular issued by International Group clubs Circular issued by International Group clubs Introduction Since 2010, considerable sanctions' activity has been directed at shipping and its supporting industries reflecting the fact that 90% of world trade involves the carriage of goods by sea. The purpose of this Circular
BIMCO has recently published a sanctions clause for use in container vessel time charter parties 2021.
This circular is an update on the Democratic People’s Republic of Korea (DPRK) sanctions enforcement circular that we published in 2019. It has been updated
United States Sanctions on the Government of Venezuela and Petroleos de Venezuela, S. A.
The United States administration continues to escalate sanctions targeting non-US persons involved in the shipping industry.
On 25 March 2019, the US Department of the Treasury published an OFAC Advisory to the Maritime Petroleum Industry which highlights sanctions risks related to petroleum shipments involving Iran and Syria. The Advisory does not provide a comprehensive summary of US sanctions but serves as a clear warning that the US gov
Further to the Club’s Member Alert of 29 January concerning US sanctions against Venezuela the Club wish to highlight the following aspects that may be
The wind down periods have now expired and US secondary sanctions are fully back in force. US sanctions on Iran fully back in force
Following US withdrawal from the JCPOA, the US will reimpose nuclear-related sanctions on Iran after a wind down period, including secondary sanctions applicable to non-US citizens.
Members will be aware from the International Group Circular published on February 2016 (in particular paragraph 10), that the International Group has been seeking both interim and long term solutions to the continuing application of US primary sanctions to US domiciled reinsurers participating in the Group's reinsuranc
Circular issued by International Group clubs This circular advises members of the current position on their insurance cover arrangements with the regard to the partial lifting of Iran sanctions under the Joint Comprehensive Plan of Action (JCPOA). Lifting of EU and US secondary sanctions "Implementation Day" under the
On 14 July 2015, the E3/EU+3 states (US, Russia, China, UK, France and Germany together with the EU) and Iran agreed a Joint Comprehensive Plan of Action (JCPOA) which is designed to ensure that Iran's nuclear program will be exclusively peaceful. The JCPOA provides Iran with phased sanctions relief after "Implementat
Tanker operators should take note of the recent targeting of ship owners as part of attempts to export crude oil originating from Iran in breach of applicable sanctions by means of ship to ship (STS) transfers at Khor Fakkan in the UAE. Several attempts have been made to export Iranian oil to destinations which do not
Circular issued by International Group clubs This circular should be read in conjunction with the circular published on 28 January 2014 regarding the temporary relief of EU and US sanctions measures relating principally to transportation and insurance of petrochemical cargoes from Iran and Iranian crude to ND
Circular issued by International Group clubs Six month suspension of insurance prohibitions 20 January 2014 – 20 July 2014 Following the US/EU announcements (and publication of relevant regulations/guidance) of a six-month suspension of current sanctions measures relating to certain trade with Iran, including sanctions