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…Circular 20/25: EU, UK and US Sanctions Updates OIL PRICE CAP – UPDATE 15th JANUARY 2026 Please note that the EU and UK have confirmed that effective 23:01 GMT 31 January 2026 (UK) / 1 February 2026 (EU) the price cap…

… to $125m from $100m in 2025/6. The three resolutions are set out in detail in Circular 02/26.  2026 Rules Following the Board’s agreement to the resolutions, the Club Rules for 2026/7 have been finalised…

… requirements. This report will be verified and recorded in the FuelEU database by 31 March 2026. During this period, companies can also record any banking, borrowing, or pooling actions (see below)…

… assets and travel.  The European Union extended its sanctions by one year (until 10 January 2026) and broadened listing criteria to include additional senior government officials.  On 21 March…

… Bio-Chem and Oil Pollution cover Outline Limit on Special War Risks P&I cover for 2026 policy year remains US$500 million with an exclusion of cover in respect of perils in Russia, Ukraine…

… from the crew and shipowners when the first ammonia-fuelled ships are delivered and operational in 2026 will further bolster industry confidence. Currently, only two vessels are recognized as operating on…

… National Response Center (NRC) immediately upon occurrence. Cybersecurity Training: By 12 January 2026, personnel will be required to undergo cybersecurity training, and annually thereafter. The training…

… from Russia will be allowed over the next 12 months before the ban takes full effect on 26 February 2026. Contracts for primary aluminium which are concluded before 25 February 2025 (or ancillary contracts…

… were set to increase by 1 percentage point (pp) per year for 2020–2022, followed by 2 pp per year for 2023–2026. The rates for 2027–2030 will be decided as part of the review to be concluded by 1 January 2026. See…