The UK P&I Club have received the following update from Freehill, Hogan and Mahar LLP, regarding recent sanction developments.

QUOTE

The U.S. authorities have taken new actions this week in relation to the sanctions targeting global corruption and also Iran which measures have potential impacts to both U.S. and non-U.S. persons operating in the shipping industry.

UNQUOTE

If Members have any questions regarding this issue, your usual contact at the Club would be pleased to assist you.