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No.13 2023/24 - US temporarily authorises transactions involving oil, gas and gold in Venezuela
06 Dec, 2023
The US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) recently issued four general licenses suspending certain sanctions in relation to transactions involving oil, gas, and gold...
Sanctions Seminar in Singapore
06 Sep, 2019
Our Singapore office ran a very successful seminar on Sanctions - photos of the event can be viewed here.
Nigeria - Employment of Armed Guards
20 Jun, 2014
A few weeks ago a vessel sailing within Nigerian territorial waters was arrested by the Nigerian Navy for employing armed guards provided by the Nigerian Police. It would appear that there are complicated...
Iran sanctions - Wind-down period announced for recent measures
17 Jan, 2020
Further to our News Item of 13 January 2020, OFAC have now issued a FAQ related to the new sanctions against Iran which provides for a 90-day period – i.e. until 9 April 2020 - for parties to wind down...
Parched Paraná
19 Oct, 2021
The Parana River is an essential link in the logistical chain of South America, and for many, it’s their only means to drinking water. Following years of below-average rainfall and effects of deforestation...
Venezuela - Robbery of Anchored Vessels off Puerto la Cruz
06 Jul, 2011
Club Correspondent Venepandi, Caracas, have advised that anchored vessels are being subject to acts of robbery off Puerto la Cruz.
Vessels have been boarded and robbed when anchored in the vicinity of...
Taiwan - New Pre-Arrival Reporting Requirements for the Changhua Wind Farm Channel
20 Oct, 2021
From the 26 October 2021, all vessels (excluding Taiwanese military vessels, government and fishing vessels registered under the Taiwanese flag) are to declare to Changhua Vessel Traffic Services (Changhua...
Why Wait to Implement Delay insurance?
23 Feb, 2022
If shipping delays like the Ever Given grounding in the Suez Canal can’t be avoided, obtaining suitable cover for loss of earnings is a vital course of action for shipowners.
No.12 2025/26 - Class 1 (P&I) and Class 2 (FD&D) Renewals – 2026/2027
05 Nov, 2025
At their meeting on 5th November, the Board reviewed the latest Class 1 and Class 2 performance together with the Club’s mid-year financial position and agreed the approach to renewals for the 2025/2026...
Continuing Impacts of United States Government Shutdown
25 Jan, 2019
The partial shutdown of the United States Government caused by conflicts over budgetary appropriations is continuing to impact the operations of federal institutions relevant to shipping, such as the United...