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.
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
15 April 2019
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.
25 March 2019
Bureau Veritas, TMC Marine, the casualty and salvage experts, and the London P&I Club, have teamed up again to address risk in shipping – to help prevent injury, loss of life and damage to ships and to cargo
Recent Publications
26 March 2019
Tanker Owning Members Circulars
16 January 2019
P&I Circulars