Members and Assureds will be well aware of the re-imposition of sanctions against Iran since the US withdrawal from the Joint Comprehensive Plan of Action in May 2018
Insuring a diverse range of shipowners and charterers, we are one of the world’s leading Protection and Indemnity Associations, providing P&I, FD&D and War Risks cover to our international membership. From tailored solutions to flexible insurance packages – all of our work is directed at meeting our members’ specific needs.
We are proud of our position within the International Group of P&I Clubs, where we play a key role in coordinating and promoting the collective, global strength of the P&I industry on behalf of the world’s shipowning community.
News Alerts
9 May 2019
15 April 2019
As Members are already aware from our News Alert of 15 February 2019, the US imposed sanctions against Venezuela’s oil sector, including designating Petroleos de Venezuela SA (“PdVSA”) as a sanctioned entity pursuant to Executive Order 13850 (“EO 13850”). Previous legal advice obtained on EO 13850 and FAQ 657 from Freehill Hogan & Mahar LLP indicated that non-US persons/entities were still free to trade with and carry PdvSA cargoes, in certain circumstances.
2 April 2019
The IG has recently published some further revised FAQs on the MLC (2006), reflecting experiences that Clubs have encountered in dealing with matters arising under the Convention.
Recent Publications
26 March 2019
Tanker Owning Members Circulars
16 January 2019
P&I Circulars