Insights

Over the past month, a novel Coronavirus, which has become known as the Wuhan virus, has been spreading across China and further afield.  Here we consider the implications for ship operators and provide information, practical guidance and advice on contractual issues arising. Follow the link above to read more.

The US authorities have issued a new Executive Order imposing sanctions with respect to construction, mining, manufacturing, and textiles sectors of Iran.  Click to read more...

Following a review by the BIMCO sanctions sub-committee, BIMCO has released new sanctions clauses for both time and voyage charters. The new clauses have replaced the existing BIMCO sanctions and designated entities clauses, and they are designed to create more contractual certainty for the parties in an increasingly complex sanctions landscape. Click to read more...

Following our update on 13th December, 2019, Members are advised that OFAC has now (as of 18th December, 2019) de-listed Ventspills Freeport Authority, following the Latvian government’s removal of the port from the...

Ventspils Freeport Authority has been added to OFAC’s SDN list, in conjunction with sanctions imposed on Mr Aivars Lembergs...