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Iran sanctions - U.S. issues clear warning to shipping over petroleum shipments

OFAC recently issued an “Advisory to the Maritime Petroleum Shipping Community” reiterating in the strongest terms the sanctions risks for shipowners, marine insurers and bunker suppliers related to the carriage of petroleum and associated products from Iran.

Tony Paulson
Tony Paulson
Corporate Director
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Latest news

  • News 07 Oct, 2019
    Miguel Caballero joins the Club a Senior Claims Handler

    We are pleased to announce the appointment of a Senior Claims Handler to strengthen our European and South American business.

    Suzanne Byrne
    Suzanne Byrne
    Group Head of Claims
  • News 01 Oct, 2019
    A- rating re-confirmed

    Standard & Poor’s have re-confirmed West’s long-term insurer financial strength and issuer credit rating as ‘A-‘; outlook stable.

    Thomas Bowsher
    Thomas Bowsher
    Group CEO
  • News 21 Aug, 2019
    Stowaways in South Africa

    With immediate effect, no stowaways will be permitted to be landed in South Africa. Members must not allow any person to board their vessel if that person is not in possession of a TNPA port permit.

 

Sanctions news

  • Sanctions News 17 Oct, 2019
    U.S. Sanctions Against Turkey

    As a result of the Turkish military action in northern Syria, President Trump issued an Executive Order on 14 October 2019 imposing sanctions against the Turkish Ministry of Energy and Natural Resources and the Turkish Ministry of National Defence.

    Tony Paulson
    Tony Paulson
    Corporate Director
  • Sanctions News 01 Oct, 2019
    Iran sanctions - U.S. issues clear warning to shipping over petroleum shipments

    OFAC recently issued an “Advisory to the Maritime Petroleum Shipping Community” reiterating in the strongest terms the sanctions risks for shipowners, marine insurers and bunker suppliers related to the carriage of petroleum and associated products from Iran.

    Tony Paulson
    Tony Paulson
    Corporate Director
  • Sanctions News 12 Aug, 2019
    Iran sanctions - wind-down period ends

    Iran: the 90-day wind-down period to allow any contracts entered into prior to 8 May 2019 to be concluded ended on 6 August 2019, and the sanctions are now fully in place, irrespective of the date of the contract.

    Tony Paulson
    Tony Paulson
    Corporate Director

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