This Circular provides information on the recent designation by the Government of the United States on Venezuela’s Maritime Authority (Instituto Nacional de los Espacios Acuaticos – “INEA”).
This Circular concerns efforts by the United States to enhance the sanction provisions targeting the construction of the NS2 and TurkStream pipeline projects and those who provide vessels and services in connection with either project.
The UK P&I Club has received the following update from Freehill Hogan and Mahar regarding an established winddown period for COSCO.
The UK Club have received the following update from Freehill Hogan and Mahar, regarding the United States decision to lift sanctions on Turkey.
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.
On Monday 5 August, 2019, President Trump issued Executive Order 13884, effectively blocking the assets of the Government of Venezuela in the United States or in the possession and control of any United States person.
On May 8, 2019, exactly one year after President Trump announced that the United States was withdrawing from the Joint Comprehensive Plan of Action (“JCPOA”) and would re-impose the U.S. secondary sanctions against Iran, President Trump issued an Executive Order “Imposing Sanctions with Respect to the Iron, Steel, Aluminum, and Copper Sectors of Iran.”
Sanctions: Treasury Increases Pressure on Cuba to End Support to Maduro by Imposing Further Oil Sector Sanctions
Further to our Web update of 9th April 2019 on Venezuelan Sanctions , Members whose trade involves Venezuela should be aware that OFAC has recently added to the SDN list four ship owning companies and nine vessels...
Following the President's May 8, 2018 decision to withdraw from the JCPOA and to begin re-imposing the U.S.
Iran Sanctions: OFAC update of FAQs on Iran Freedom and Counter-Proliferation Act of 2012 – 1 July 2013
Questions Related to the Issuance of the Executive Order "Authorizing the lmplementation of Certain Sanctions Set Forth in the lran Freedom and Counter-Proliferation Act of 2012 and Additional Sanctions With Respect to Iran" and the lmplementation of Certain Provisions of the lran Freedom And Counter-Proliferation Act of 2012 (IFCA).
FREQUENTLY ASKED QUESTIONS ("FAQs") REGARDING ENFORCEMENT AGAINST FOREIGN PERSONS OF U.S.
Iran Sanctions: EU Measures against Iran - Council Regulation 1263/2012 - FAQs 29 January 2013
On 15 October 2012 the European Union Foreign Affairs Council agreed further measures restricting trade activities with Iran.
The EU Foreign Affairs Council recently published new prohibitions contained in Council Decision 2012/635.
Iran Sanctions: US sanctions on Iran & Syria – US Executive Order of 1 May 2012- Update 25 May 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.