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In response to President Trump’s announcement, on 6th October, 2019, of his intended withdrawal of the remaining US forces in northern Syria, the Turkish military began an incursion into northern…

The first IMO 2020 compliant low sulphur fuels (“LSFO”) are starting to be trialled and appear on the market, but at present it is still really anyone’s guess as to how these new types of fuels…

Is it necessary for a guarantor to pay even if the underlying liability is disputed? This was considered recently in Rubicon Vantage International Pte Ltd v KrisEnergy Ltd (The “Rubicon…

As reported on 13th October, 2019, the US imposed sanctions on Turkey in response to Turkey’s military activity in Syria.  Only 10 days later, on 23rd October, 2019, following Turkey’s…

Members are alerted to potential risks in trading to Ventpills Freeport and advised to seek guidance in relation to any such trade. There is a wind down period of 30 days, up to 8th January,…

Although these two entities have been on the SDN list for some time, certain exemptions have been available in relation to humanitarian and agricultural cargoes. However, the recent designation of…

Where newly stemmed bunkers are found to contain more than 0.50% sulphur, at the very minimum, this is likely to result in time loss and disruption while samples are tested again and…

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 clauses are intended for use in all trades, except for container trades. BIMCO has indicated that a specific sanctions clause for container operators will be released early next year. Two…

The US authorities have issued a new Executive Order imposing sanctions with respect to construction, mining, manufacturing, and textiles sectors of Iran.  This expands the scope of existing…