News & Resources
The latest updates from the Club
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We are grateful to our local correspondents Globalpandi in Venezuela who have provided an update on the current situation in Venezuela which is available here.
Latest news
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News 30 Apr, 2026Iran sanctions – payment of “tolls” for Strait of Hormuz passage
Following reports that Iran may allow ships to transit the Strait of Hormuz in return for payment of a “toll” charge, OFAC have issued a new FAQ clarifying their stance on whether such payments would represent a breach of US sanctions.
![Tony Paulson]()
Tony PaulsonHead of Asia & Corporate Director -
News 28 Apr, 2026West moves to larger Hong Kong office, supporting growth in China and Vietnam
West P&I has relocated its Hong Kong office to larger premises, strengthening its presence in the Chinese and Vietnamese market and enhancing its ability to support Members across the region.
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News 20 Apr, 2026Ecuador: Entry into force of the Hamburg Rules on 1 August 2026
On 1 August 2026 the United Nations Convention on the Carriage of Goods by Sea 1978 (the “Hamburg Rules”) will enter into force in Ecuador, following its ratification in 2025. Ecuador is the latest country to ratify the Rules after Peru in 2021.
![Gabriel Reina]()
Gabriel ReinaSenior Claims Handler
Notices to Members
Sanctions news
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News 23 Feb, 2026Amended [02/04]: Venezuelan sanctions - OFAC issues various new General Licenses
Following the seizure of Nicolas Maduro by the United States in January 2026, the US Treasury’s Office of Foreign Assets Control (OFAC) has issued a series of new General Licenses ("GLs") and accompanying FAQs that are significantly reshaping the Venezuela sanctions landscape.
![Tony Paulson]()
Tony PaulsonHead of Asia & Corporate Director -
News 19 Feb, 2026Russian sanctions - due diligence requirements when carrying petroleum products to the EU
Following the entry into force of Article 3ma of Council Regulation (EU) No. 833/2014 on 21 January 2026, shipowners and operators face compliance obligations when carrying certain petroleum products into the EU.
![Tony Paulson]()
Tony PaulsonHead of Asia & Corporate Director
