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Solvency and Financial Condition Report, 2026 - The United Kingdom Freight Demurrage and Defence Insurance (Europe) Limited

UKDC Restructure

… efficiencies. The intention was to have this new structure in place for the commencement of the 2026 policy year. This timetable has had to be extended somewhat to allow for the finalisation of various…

US Revokes Sanctions Relief For Iranian Oil Trade Following Strait of Hormuz Attacks

…As explained in our earlier article, on 21st June, 2026, the US Office of Foreign Assets Control (“OFAC”) issued General License X (“GLX”), described as “Authorizing the Production, Delivery and Sale of Crude Oil,…

Club Rules

… Section 9: Definitions and Interpretation Appendix: Practice Recommendations The Club Rules for the 2026 policy year can be accessed in pdf format by clicking on the links below. The Japanese…

EU and UK Apply New Dynamic Mechanism to Lower Russian Crude Oil Price Cap

…On 15th January, 2026, both the European Union and the United Kingdom confirmed that the Russian crude oil price cap has been lowered.

US-Iran Conflict FAQs

… particularly in the Middle East’s essential waterways and ports. Since 28th February, 2026, the Islamic Revolutionary Guard Corps and the Iranian Navy have been transmitting warning messages via…

UK sanctions against Transneft and further Russian sanctions developments

…On 24th February, 2026, marking the fourth anniversary of the Russia/Ukraine conflict, the UK announced a significant new package of sanctions, including 300 new designations. These measures included the designation of…

Sanctions Against Russia: UK Introduces New Russian Sanctions With Key Carve Outs in Respect of Russian Oil Refined in Third Countries and the Maritime Transport of LNG

…On 19th May, 2026, the UK government introduced new trade and transport Russian sanctions, as well as two general trade licences providing for certain exemptions to the new measures. The licences came into force on…

UK ETS is on the horizon

…ordance with The Greenhouse Gas Emissions Trading Scheme (Amendment) (Extension to Maritime Activities) Order 2026, the UK Emissions Trading Scheme (“UK ETS”) will extend to the maritime sector from 1st July, 2026. This…

Diverging Approaches to Iranian Sanctions as the US Grants Limited Relief, while UK and EU Measures Remain in Place

… by subsequent developments. This article should be read together with our update of 8th July, 2026, regarding General License X1, which has revoked General License X. On 21st June, 2026, the US Office…

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Name	Purpose	Lifetime	Type	Provider
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Name	Purpose	Lifetime	Type	Provider
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