Stay informed on the latest Iran sanctions update: EU extends relief until June 30, 2015
Iran Sanctions Relief Period extended
21/07/2014
Confirmation received from the US government and the EU Council that the existing relief program, which ran from 20 January to 20 July, suspending certain Iran sanctions measures, is being extended for 4 months to 24 November 2014.
Iran Sanctions Update - 15th January 2014
15/01/2014
Following the agreement reached in November last year between Iran and representatives of USA, UK, China, France, Russia & Germany, the Club reminded Members that a formal change in EU, UK and US laws would be needed to provide shipowners and their insurers with relief from existing prohibitions - and that until such changes were made, the effect of sanctions on Club cover would remain unaltered.
FAQs Related to Issuance of the Executive Order and the lmplementation of Certain Provisions of the lran Freedom And Counter-Proliferation Act of 2012 (IFCA).
Iran Sanctions: US sanctions Iran
14/06/2013
FREQUENTLY ASKED QUESTIONS ("FAQs") REGARDING ENFORCEMENT AGAINST FOREIGN PERSONS OF U.S
International Group FAQs - US sanctions Iran
18/03/2013
The attached FAQs from the International Group provide a comprehensive summary of the relevant legislation and key provisions that impact on trade activities and financial transactions with Iran
Iran Sanctions: EU Measures against Iran
05/02/2013
On 15 October 2012 the European Union Foreign Affairs Council agreed further measures restricting trade activities with Iran
US Treasury Dept issues final rule amending Iranian Transactions & Sanctions Regulations to implement Iran Threat Reduction Act sections
Latest update on EU sanctions against Iran - new measures widen banned goods, increase asset freezes & impose restrictions on EU banks aligning them with existing UK bank limitations.
US Sanctions Update - U.S. Bans Foreign Subsidiaries of U.S. Companies from Doing Business with Iran
13/12/2012
On October 9, 2012, the U.S
The EU Foreign Affairs Council recently published new prohibitions contained in Council Decision 2012/635
New European Union Measures against Iran - Council Regulation 267/2012 dated 23 March 2012 - Frequently Asked Questions - Updated on 14th August 2012.
New Executive Order on Iran
01/08/2012
Stay informed on the new Executive Order on Iran signed by President Obama on August 1, 2012
New Iran Sanctions Legislation Bill
01/08/2012
The House and Senate conferees have come to an agreement regarding new Iran sanctions legislation
Iran Sanctions: US sanctions on Iran & Syria - US Executive Order of 1 May 2012- Update 25 May 2012
03/05/2012
An executive order by the President of the United States was issued on the 1st May extending further the impact of US sanctions against Iran and Syria
The new limits that apply under the LLMC 96 are expected to enter into force 36 months from the date of adoption, on 19 April 2015, under the tacit acceptance procedure.
Updated FAQs have been issued by the International Group following discussions with the UK Treasury
The attached FAQs issued by the International Group of P&I Clubs address the the legal Status of EU Council Regulation 267/2012; the effect of the "grace periods"; and the impact on the cover provided by clubs
Iran Sanctions: EU sanctions against Iran - Council Decision 1012/35 - IG FAQs 8 February 2012
08/02/2012
The International Group's Sanctions Working group has developed an initial series of FAQs in relation to the recently announced EU additional measures against Iran contained in the Council Decision of 23 January 2012
Iran and Syria - Sanctions Update
27/01/2012
The latest sanctions against Iran have been much publicized and are set against a backdrop of Iranian officials threatening to escalate the situation further by blocking the Strait of Hormuz