Sanctions: COSCO license update
20/12/2019
The UK P&I Club have received the following client alert from Freehill Hogan and Mahar, regarding a COSCO license update.
Sanctions: OFAC De-Lists Ventspils
20/12/2019
The UK P&I Club have received the following client alert from Freehill Hogan and Mahar, regarding the delisting of Ventspils by OFAC.
US: Recent Sanction Developments
13/12/2019
The UK P&I Club have received the following update from Freehill, Hogan and Mahar LLP, regarding recent sanction developments.
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.
Northern Cyprus: Reminder of restrictions on vessel calls to Famagusta, Karavostasi and Kyrenia
12/09/2019
Members are reminded that the Council of Ministers of the Republic of Cyprus issued an Order in 1974 (Order P.I
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
As reported in Circular 16/18 when U.S. secondary sanctions were re-imposed against the purchase and carriage of Iranian crude oil, petroleum products, liquified gases and petrochemicals, in November 2018, eight countries - China, Greece, India, Italy, Japan, South Korea, Taiwan, and Turkey - were granted waivers, known as Significant Reduction Exemptions ("SREs"), to permit the import of limited amounts of Iranian crude oil up to 2 May 2019.
Members whose trade involves Venezuela should be aware that OFAC has recently added to the SDN list four ship owning companies and nine vessels.
Freehill, Hogan and Mahar have just issued the latest client alert on Venezuelan Sanctions