By virtue of Executive Order 13884 issued by President Trump on 5 August 2019, the United States has significantly increased the impact of its sanctions regime against Venezuela.
Notices to Members
Notices to Members 03 Sep, 2019No. 8 2019/2020 - Guidance on the United States Sanctions Compliance Programmes published by OFAC
On 3rd May, 2019, OFAC published a framework which sets out its views of the essential elements of an effective economic sanctions compliance programme.
Notices to Members 08 Aug, 2019No. 7 2019/2020 - Change to the Mutual Call Structure
From 20th February 2020 the Club’s calling mechanism will be brought into line with the rest of the International Group by merging the reinsurance rate into the mutual call.
Notices to Members 25 Jun, 2019No. 6 2019/2010 - The 2020 Global Sulphur Cap
On and after 1 January 2020, the MARPOL permitted limit for sulphur content in ships’ bunker fuel oil will be reduced.
The Club's principal source of information about sanctions and provides links to documents and contact details at the Managers' offices for guidance in respect of Club cover and sanctions. More here
The shipping industry faces a major challenge in complying with the global 0.5% sulphur cap for bunker fuel under MARPOL Annex VI as from 1 January 2020. This webpage provides resources from the Club and elsewhere to help guide Members in meeting those obligations.