Timor-Leste, Democratic Republic of - Trading restrictions
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The United States Office of Foreign Assets Control (OFAC) has expanded sanctions against Iran and issued an advisory to the shipping community.
After the killing of General Qassem Soleimani by a US drone in early January 2020, and the following retaliation by Iran, BIMCO is publishing its view of the escalated tension in the Persian Gulf, as well as advice regarding the new sanctions clauses, and encourages owners, operators and charterers ... Please follow the link to continue reading.
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BIMCO makes a continuous effort to provide information on the most recent restrictions.
BIMCO is updating its suite of sanctions clauses to reflect changes in the sanctions’ environment. The new clauses are expected to be launched at the end of 2019.
The sanctions landscape has grown increasingly complex. International sanctions regimes are constantly changing with new restrictions being added and new persons and entities being listed. A violation of sanctions restrictions can have severe consequences and in the worst cases can lead to parties b... Please follow the link to continue reading.
As mentioned in our update related to US Sanctions against Iran posted 22 August (Iran sanctions) the wind down period has now come to an end. In this respect, members should refer to the following bulletin sent by the U.S. Department of the Treasury yesterday: U.S Department of the Treasury Bu... Please follow the link to continue reading.