The US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has added Venezuela’s State-owned oil company, Petroleos de Venezuela SA (“PdVSA”) to the SDN list as of Monday 28 January 2019.
News Alerts
We issue News and other Alerts to keep members posted about developments at the Club and other industry news. Please see our latest Alerts below.
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15 February 2019
28 January 2019
Members will be aware that the US Dept of the Treasury’s Office of Foreign Assets Control (“OFAC”) has previously given repeated extensions of time for winding down operations and contracts with En+ Group PLC (“EN+), UC Rusal PLC (“Rusal”), JSC EuroSibEnergo (“ESE”) and GAZ Group
11 January 2019
Members should note that the level of pollution fines in Turkey has been amended with effect from December 2018 with increases in the fines from between 3 to 14 times previous levels.
20 December 2018
The United Arab Emirates (UAE) Federal Transport Authority (FTA) have advised that, with effect from 1 January 2019
18 December 2018
Following on from the Club’s News Alert of September on compliance with the 2020 Global Sulphur Cap which takes effect from 1 January 2020
14 December 2018
A correspondent in Ukraine, Dias Marine Consulting PC, reports that the ice season has begun in the Azov Sea area.
13 December 2018
Members will be aware of the Club’s recent News Alert concerning the extension of the time to wind down operations and contracts with Rusal, EN+ or GAZ Group until 7 January 2019.
29 November 2018
As Members may be aware, the Ukrainian government has imposed thirty days of martial law, starting on 28 November 2018 and ending on 27 December, across ten regions of Ukraine.
26 November 2018
Members are reminded that both the European Union and United States (US) continue to apply trade sanctions against the Government of Syria and other entites.
23 November 2018
The Club's Position & Performance Review 2018 is now available.