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Iran - Sanctions

In light of heightened international attention focussed on Iran by the United Nations and other State and governmental organisations, this page features articles and materials designed to bring to Members' attention the international rules and regulations which have gained recent prominence and which may impact on shipping and insurance activities with an Iranian connection and also dealings with specified Iranian entities.

For ease of reference for parties who may be engaged in commerce with Iran and/or Iranian or associated entities there appear below links to lists relating to sanctioned entities maintained by: 

1. the United States Office of Foreign Asset Control ( OFAC): http://www.treasury.gov/ofac/downloads/t11sdn.pdf
2. the United Kingdom Treasury ( HMT): www.hm-treasury.gov.uk/d/sanctionsconlist.pdf 

The HMT list comprises a consolidated list of asset freeze targets designated by the United Nations, European Union and United Kingdom under legislation relating to current financial sanctions regimes.

Title Date
Circular B 567 EU Council Decision 2012 35 CFSP further sanctions in respect of Iran January 2012
EU Iran Sanctions Update January 2012
U.S. Sanctions Updates January 2012
Update to Risk Alert 30 US and UK Sanctions December 2011
Proposed US Legislation Possible 180 day rule December 2011
Risk Alert 30 US and UK impose further sanctions on Iran - November 2011 November 2011
UK Sanctions November 2011
US Extends Sanctions to Tidewater Middle East Co 23 June 2011 June 2011
Sanctions Imposed Beyond US and EU April 2011
OFAC Advisory Notice IRISL 31-03-11 April 2011
Risk Alert 25 Sanctions - Impact on Chartered Vessel Entries March 2011
The Comprehensive Iran Sanctions, Accountability and Divestment Act (CISADA) - Briefing from EREN Lawyers February 2011
US OFAC UPDATE 13-01-11 January 2011
Risk Alert 21 Iran, Sanctions and the Provision of Security November 2010
EU Regulation 961/2010 in force from 27th October 2010 October 2010
Trade Sanctions against Iran - an overview - Ince & Co September 2010
HFW Iran Sanctions Update August 2010
The Impact of CISADA 2010 on Insurers, Shipowners and Charterers - Update from EREN Lawyers July 2010
EU Council Implementing Regulation No. 668/2010 and Council Decision of 26 July 2010 Concerning Restrictive Measures against Iran July 2010
Club Circular B.519 - Iranian Sanctions Orders and Restrictions on Club Cover July 2010
US OFAC and UK Treasury (HMT) Lists of Sanctioned Entities July 2010
New BIMCO Sanctions Clause for Time Charter Parties July 2010
Club Circular B.517 - U.S. Sanctions against Iran - HR2194 - entry into force July 2010
European Council Declaration on Iran June 2010
U.S. Treasury Announces New Sanctions on Iran June 2010
Iranian sanctions and OFAC sanctions - compliance clauses (article by Clyde & Co) June 2010
Iran - United Nations Security Council Resolution 1929 (2010) June 2010
Club Circular B.509 - Iran-US/UK current and pending legislative action targeted at trading activities February 2010