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:

The International Group is aware of an announcement by the maritime authorities in Turkey concerning proposed changes in requirements for laden oil tankers to evidence P&I cover while in Turkish waters.

In our 4-part series highlighting Men's Health Awareness Month, Sophia Bullard, Crew Health Programme Director, is interviewing men across the maritime industry in a short Q&A session on the subject of wellbeing.

Recently, and in particular during the summer period, the Club has noticed a spike in stowaway cases, hence the below article serves as a refresher on what is already known as well as an update on the practical problems and implications for Owners that may arise in connection with the disembarkation and repatriation of stowaways.

In our 4-part series highlighting Men's Health Awareness Month, Sophia Bullard, Crew Health Programme Director, interviews Andrew Cowderoy in a short Q&A session on the subject of wellbeing.