Sanctions

Given the increased use of sanctions by the United Nations, European Union and other Governmental bodies as a means of bringing political and economic pressure to bear on countries around the world, this area of the website acts as a central repository where members can find updates on sanctions measures as they impact on shipping and insurance activities.

Those members who may be affected by sanctions measures, and/or whose contractual arrangements may be curtailed or otherwise impacted are encouraged to contact the Club Managers, who will endeavour to advise upon issues affecting Club cover.

The articles listed on this page are of general application and relate to sanctions affecting all geographical areas. Items relating to a particular area will be found on the webpage for that country:

Egypt

Iran

Ivory Coast

Libya

Syria

For ease of reference for parties who may be engaged in commerce with States or their associated entities that are subject to sanctions, 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.


Disclaimer

Every effort is made to ensure the accuracy of the information provided, however this cannot be guaranteed given that sanctions measures are subject to alteration by Governmental organisations at short notice. Further the information on this site is not, and should not be relied upon as, independent legal advice.