Situation in Yemen - Update
On Monday 14th August 2017, the Central Bank of Yemen issued a circular to all banks in Yemen instructing them to float the local Yemeni currency of Yemeni Rial "YR". The Central Bank of Yemen instructed local banks to use the market rate instead of fixed Central Bank rate. As a result, current exchange rate of YR 250 to the one US Dollar is expected to reach more than YR 370 to the one US Dollar.
Yemeni ports status as of 15th August 2017 as follows:
- Ash Shihr Oil Terminal
- Ras Isa (petroleum product tanks).
- Ras Isa Marine Terminal (FSO Safer)
- Balhaf LNG Terminal
GAC Yemen Ltd.
PO Box 5202,
Republic of Yemen
Tel: +967-2 247161
Fax: +967-2 247163
Mob: +967- 777176131
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 TradeLens eBL system.
Chinese SPC’s latest retrial ruling expands exposures to Owners and P&I Clubs in soybean damage cases
The UK Club have received the below advice from Wang Jing & Co., Xiamen, regarding soya bean claims.
The International Chamber of Shipping (ICS) has recently published Coronavirus (COVID-19): Roadmap for Vaccination of International Seafarers setting out procedures for all stakeholders to facilitate crew inoculation during the pandemic.