The US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) recently issued 4 general licenses suspending certain sanctions in relation to transactions involving oil, gas, and gold in Venezuela.

The UK P&I Club, one of the world’s leading mutual insurers of third-party liabilities for ocean-going merchant ships, has appointed Angie Hatziefstratiou as Syndicate Manager for the Club’s EMEA 2 region, which covers the UK, Southern Europe, the Middle East.

Neil Beckwith, Correspondent Manager for the UK P&I Club, spoke with Maritime Risk International on why correspondents remain as relevant as ever in today's marine market. 

As part of Hong Kong Maritime Week, Margaret Zhou spoke to Hong Kong Maritime Hub about how P&I cover interacts with War Risk insurance