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.
Cargo owners’ obligations to set the temperature of a refrigerated container and to take delivery of a damaged cargo under the bill of lading terms
QCR Autumn 2021: Cargo owners’ obligations to set the temperature of a refrigerated container and to take delivery of a damaged cargo under the bill of lading terms.
As an extension of the UK Club's dedication to safety our Loss Prevention team are proud to have launched a new book focusing on the imperative nature of human element training; the book - Maritime Team Dynamics: 'Lessons from the Flight Deck' - was created in partnership with CAE - the leaders in civil aviation training.
Crew Changes - A Comprehensive Guide
We have been working with over 200 members of our correspondents network to produce a comprehensive document that outlines challenges and changes for crew changes in ports.