Sanctions Update – Yemen trading and support for the Houthi Terrorist Network (5.663)

This circular explains London P&I’s position on recent U.S. sanctions developments affecting trade with Yemen, including cargoes handled through Ansarallah-controlled ports.

It highlights the risks linked to refined petroleum products, the need for careful due diligence on ports, cargoes and counterparties, and the fact that cover is not available for sanctioned trade.