Lifting of Certain Sanctions under the Joint Comprehensive Plan of Action (JCPOA) (5.523)

This circular explains the position on insurance cover following the partial lifting of Iran sanctions under the Joint Comprehensive Plan of Action (JCPOA). It sets out the continued effect of U.S. primary sanctions, highlights the need for due diligence, and notes the risk of sanctions being reintroduced.

London P&I also refers Members to the SDN List and EU Consolidated List, and explains why contract wording should allow for swift termination if sanctions return.