HM Treasury Notice in respect of EU Council Regulation 961/2010 - Iran sanctions

The Club would like to draw Members’ attention to the UK MCA’s guidance issued on 17-09-21, providing updated details on the requirements for monitoring and reporting emissions data from ships to the UK MRV Regime.

We refer to the Club's update on Iran sanctions of 26th June 2018, regarding the decision of the United States to withdraw from the Joint Comprehensive Plan of Action ("JCPOA") and to re-impose secondary sanctions.

Following the President's May 8, 2018 decision to withdraw from the JCPOA and to begin re-imposing the U.S.

The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) has continued to focus on international shipping as a means to implement the Iranian sanctions program and has now turned its attention to the bunkering of vessels engaged in Iranian trade or involving Iranian vessels.