U.S. sanctions update

The U.S. have been stepping up sanctions in recent weeks.

During the last few weeks, U.S. authorities have increased their focus on international shipping in a recent escalation of U.S. sanctions, particularly, in respect of trade to/from Venezuela and Iran. 

The following article published by Gina Venezia of Freehill Hogan & Mahar LLP provides insight into recent steps being taken, and new guidance issued to the industry, by U.S. authorities in furtherance of these governmental sanctions programs, heightening the importance of and the need for up-to-date sanctions compliance throughout the shipping community. 

The week of June 1, 2020, sees additional steps in the sanctions targeting Venezuela and Iran.

Full update available here. 

If you have any questions regarding this update then please get in touch with your Club contact who will be pleased to assist you. 

Staff Author

UK P&I

Date25/06/2020

Tags

You may also be interested in:

This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of the IQAX eBL system.

It is not always smooth sailing in the shipping industry

Great Lakes vessels trading is typically performed by dry bulk vessels that carry a variety of cargoes including ores, limestone, salt, cement, sand, grain, coal and gypsum. This article provides some insight into commercial shipping on the Great Lakes and some of what one might expect when transiting the area.

The Club was joined by the American Bureau of Shipping (ABS) and MidOcean Wind for presentations and discussion focusing on an overview of the U.S