Security
03/05/2012 -
An executive order by the President of the United States was issued on the 1st May extending further the impact of US sanctions against Iran and Syria. This order strengthens the US Treasury’s ability to tackle foreign individuals and entities determined to have violated US sanctions on Syria or Iran.
03/05/2012 -
An executive order “Prohibiting Certain Transactions with and Suspending Entry into the United States of Foreign Sanctions Evaders with Respect to Iran and Syria” (“FSE E.O.”) by the President of the United States was issued on the 1st May extending further the impact of US sanctions against Iran and Syria. This order strengthens the US Treasury’s ability to tackle foreign individuals and entities determined to have violated US sanctions on Syria or Iran.
10/04/2012 -
The Taiwan Ministry of Foreign Affairs in close co operation with UKMTO have translated Best Management Practices 4 into Chinese.
This essential guide, now in Chinese, designed to...
22/02/2012 -
OUTLINE:
Members who can trade lawfully with sanctioned countries are reminded that financial sanctions may restrict the Club’s ability to protect them in the event of a P&I incident.Members are recommended to review Rule 5V (Sanctions risks) reproduced below.In addition to following Club advisories on its website, Members should take their own measures to establish whether intended voyages are lawful and insurable.
17/02/2012 -
A recent case saw one of our Member vessels hijacked twice within a ten week period. On both occasions the ship was loaded with a cargo of petroleum and was drifting off Lagos waiting her turn to lighter.
Acts of...
02/02/2012 -
Council Regulation (EU) No 36/2012 provides a comprehensive regulation overview of the various goods, services and activities in respect of Syria which are currently subject to sanctions. Issued on 18 January 2012, a PDF of the regulation is attached here. An outline of the key items and activities where compliance with EU sanctions is required is set out in the section “Update on sanctioned goods, services and activities as at 18th January 2012” below.
27/01/2012 -
The latest sanctions against Iran have been much publicized and are set against a backdrop of Iranian officials threatening to escalate the situation further by blocking the Strait of Hormuz. This alert focuses on the key developments and also provides an update on the sanctions against Syria.
11/01/2012 -
Following the resolution adopted by the IAEA Board of Governors on November 18, 2011 (“IAEA Resolution”), the Korean government has announced an additional set of guidelines on December 16, 2011. The attached analysis provides a summary of Korea’s new guideline (“Guideline”), and how it is expected to affect the private sector in doing business with Iran. This analysis replaces the earlier material published on the Club website.
09/12/2011 -
On November 2011, the US State Department issued a fact sheet on Energy-Related Sanctions under Executive Order (E.O.) 13590 (see below). Among other things, it clarifies that "The Executive Order would not cover the purchase of petroleum resources or petrochemical products from Iran, or the shipping of those products from Iran, absent other sanctionable conduct.".
09/12/2011 -
In accordance with the United Nations Security Council Resolutions, the sanctions/measures by international society in particular, the US and EU, which have raised the level of restrictions in an effort to restrict the Iran’s suspected nuclear development, the Korean Government has decided to join the international sanctions against Iran.
Industry developments
Click on a section below to see information collated from across the website on topical issues of interest to our Members
Recent guidance & corresponding material in respect of international sanctions against various countries has been updated with respect to Syria. READ MORE
Piracy
Essential precautions and preparation against piracy, as well as additional information and resources, loss prevention advisories and useful external web links
China’s first comprehensive system of marine pollution regulations took effect from 1st March 2010, but many aspects are yet to be developed or advised.
MARPOL Annex VI limits sulphur oxide and nitrogen oxide emissions from ship exhausts. It prohibits deliberate emissions of ozone depleting substances and establishes more stringently controlled special SOx Emission Control Areas (SECAS)