News and insights
Latest updates from the Club
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.
News 07 Oct, 2019Miguel 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 ByrneGroup Head of Claims
News 01 Oct, 2019A- 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 BowsherGroup CEO
News 21 Aug, 2019Stowaways 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 17 Oct, 2019U.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 PaulsonCorporate Director
Sanctions News 01 Oct, 2019Iran 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 PaulsonCorporate Director
Sanctions News 12 Aug, 2019Iran 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 PaulsonCorporate Director
Notices to Members
Notices to Members 24 Sep, 2019No. 9 2019/2020 - US Sanctions on the Government of Venezuela & Petroleos de Venezuela, S.A. (PdVSA)
The US administration increased its sanctions programme against the Government of Venezuela, with Executive Order 13884 which blocks all property in the US of the Government of Venezuela, and prohibits US persons from engaging in any transaction with the Government of Venezuela.