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.
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 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
1 March 2019
One of the correspondents in Indonesia/Singapore, Spica Services, has reported that there have been a significant number of vessel detentions in the Eastern parts of the Singapore Strait, mainly in the waters around Bintan Island.
25 February 2019
Charterers' CSL Cover and Owners' Fixed Premium P&I Cover - Terms & Conditions
25 February 2019
Rules 2019 / 2020 and details of Correspondents
20 February 2019
One of the Club’s China correspondents, Huatai Insurance Agency & Consultant Service Ltd, reports that the China Maritime Safety Authority published a Notice on 29 December 2018 giving guidance on the implementation of new Emission Control Area (ECA) regulations applicable from 1 January 2019.
19 February 2019
Following China’s ratification in 2018 of the International Convention for the Control and Management of Ships’ Ballast Water and Sediments, one of the Club’s China correspondents, Huatai Insurance Agency & Consultant Service Ltd, reports that the measures have been in force from 22 January 2019.
15 February 2019
Members proceeding to ports in Gabon should note that all vessels are subject to Port State Control (“PSC”) inspection and there is currently a long list of “deficiencies” which vessels should take care to try to rectify beforehand, or otherwise risk being fined.
15 February 2019
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.