Cookies on this site

This site uses cookies to store information on your computer. By using our site you accept the terms of our Privacy Policy

Accept and close
Emergency Number +44 7932 113573
 
Menu
Newsknowledge
News and knowledge
 

Search Results

Results in 'News'

Date Title

20 Jan 2017

Web Alert: International Group reinsurance 2017/18 placement – termination of 'fall-back' cover

Placement of the International Group General Excess of Loss (GXL) reinsurance and Collective Overspill contracts and the Hydra reinsurance programme for 2017 have been completed.

17 Jan 2017

Web Alert: U.S. takes steps to revoke sanctions against Sudan

On 13 January 2017, President Obama signed an Executive Order (E.O.) which will revoke sanctions against Sudan on 12 July 2017, if the Government of Sudan sustains positive actions it has taken over the last six months.

12 Jan 2017

Web alert: OFAC updates its FAQ on US sanctions against Cuba and the '180-day rule'

As previously reported by the club in October 2016 the US Treasury Department of Foreign Assets Control (OFAC) announced amendments to the Cuban Assets Control Regulations (CACR) to create more economic opportunity for Cubans and Americans.

22 Aug 2016

Web Alert: Update on current status of Yemen ports and procedures for entering territorial waters

This Web Alert contains infomation about the current status of Yemen ports and procedures for entering territorial waters

26 May 2016

Web Alert: Argentina garbage discharge issues

The club has been advised by the local correspondents in Argentina (Pandi Liquidadores S.R.L.) that there has been an increase in the activity of the Argentinean Authorities ordering vessels to land garbage ashore at a significant cost.

18 May 2016

18 May 2016, Standard Club Circular - Syria Sanctions

Please read the attached circular

11 May 2016

Web Alert: MoUs signed between Iran and South Korea

With the lifting of the UN and EU sanctions and secondary sanctions against Iran under the Joint Comprehensive Plan of Action (JCPOA) which came into effect on 16 January 2016, Iran has become an attractive place to trade – particularly as its oil can now be sold worldwide.

11 Mar 2016

Web Alert: Iran sanctions - update on the International Group's efforts to arrange a 'fall-back' reinsurance

The continuing application of US primary sanctions to US domiciled reinsurers participating in the International Group's reinsurance arrangements means that members remain exposed under the club’s sanctionsclub sanctions’ rules to the risk of a partial reinsurance shortfall in respect of non-certified liabilities towards, or incurred by, Iranian interests.

7 Mar 2016

Web Alert: UK government seeks to increase sanctions enforcement powers

The UK government has proposed legislation (under the Policing and Crime Bill) which, if passed, will create new powers for the Treasury to impose civil fines for sanctions breaches

19 Jan 2016

Web Alert: Iran Sanctions - “Implementation Day” announced which marks the lifting of EU and US sanctions under the JCPOA

On 14 July 14 2015, the P5+1 (China, France, Germany, Russia, the UK and US), the European Union (EU) and Iran reached a Joint Comprehensive Plan of Action (JCPOA) to ensure that Iran’s nuclear programme will be exclusively peaceful. On 18 October 2015 (known as “Adoption Day”) the legal framework for the lifting of sanctions came into effect, as the JCPOA participants were required to make arrangements to implement their respective commitments to lift sanctions.

22 Dec 2015

Web Alert: Russia implements sanctions against Turkey

On 28 November 2015, Russian President Vladimir Putin signed an Executive Order “On Measures to ensure Russia’s National Security and Protection of Russian citizens against Criminal and Other Illegal acts and on the Application of Special Economic Measures against Turkey”.

27 Oct 2015

Web Alert: Iran Sanctions: Adoption Day - Preparing for the implementation of the Joint Comprehensive Plan of Action (JCPOA)

On July 14, 2015, the P5+1, the European Union and Iran, reached a Join Comprehensive Plan of Action (JCPOA) to ensure that Iran’s nuclear program will be exclusively peaceful. On the18 October 2015 the JCPOA came into effect which is known as “Adoption Day” in that all of the participants including the US, are required to make the necessary arrangements to implement their respective commitments under the JCPOA.

5 Oct 2015

Web Alert: US further amends Cuban Asset Control Regulations

On 18 September 2015, the US Treasury Department and the Department of Commerce announced additional revisions to the CACR to take effect from 21 September 2015.

3 Aug 2015

Web alert: Iran sanctions – agreement reached on sanctions relief

On 14 July 2015, the Joint Comprehensive Plan of Action (JCPOA) was agreed between the E3/EU+3, the European Union and Iran whereby sanctions imposed against Iran will be lifted, in exchange for Iran agreeing to restrict their nuclear programme.

16 Jul 2015

Web alert: Iran sanctions – joint comprehensive plan of action agreed on 14 July 2015

The diplomatic agreement of 14 July 2015 between the E3/EU+3 and the Islamic Republic of Iran opens the way for the restoration of trade activates with Iran by lifting the trade, energy, insurance and banking embargoes that have been incrementally imposed by the European Union and US since 2009.

20 Mar 2015

Standard Bulletin, March 2015

In this edition, we cover: The Standard Club’s February 2015 renewal, Sulphur reduction – MARPOL Annex VI - the club’s perspective, Synopsis of the new Wreck Removal Convention, Bauxite cargo liquefaction risk, Environmental liabilities: a question of motive, Navigating the complex maze of sanctions, French supreme court upholds jurisdiction clause, LNG as fuel, Focus on FFO matters: sub-sea cables and the Staff spotlight.

11 Mar 2015

Web alert: US Sanctions imposed on seven Venezuelan Government Officials

On 9 March 2015, President Obama issued an executive order that declared a national emergency with respect to the “unusual and extraordinary” situation in Venezuela based on its threat to the national security and foreign policy of the United States.

16 Jan 2015

Web alert: Update on trading to Yemen

The club has recently experienced a high volume of inflated and high value claims in Yemen. In order to assist our members, we have produced the following fact sheet.

15 Jan 2015

Web alert: Iran sanctions - warning re ship to ship transfers in the Persian Gulf

The club is aware of recent attempts to export crude oil originating from Iran in breach of applicable sanctions, by means of ship to ship (STS) transfers at Khor Fakkan in the UAE.

22 Dec 2014

Web alert: EU extends scope of Syria sanctions

On 12 December 2014, the EU extended the scope of sanctions against Syria with the publication of Council Decision 2014/901/CFSP

18 Dec 2014

Web alert: OFAC announces no Cuba changes will take effect until new regulations issued

On 17 December 2014, President Barack Obama announced the re-establishment of economic and travel ties with Cuba

28 Nov 2014

Web alert: Iran sanctions - Period of limited sanctions relief under the Joint Plan of Action extended to 30 June 2015

Within this additional period further negotiations will take place with a view to achieving a final, comprehensive agreement.

10 Oct 2014

Web alert: National Iranian Tanker Company no longer on EU sanctions list

The EU assets freeze against Iran's largest oil tanker company, NITC, has been lifted.

21 Jul 2014

Web alert: Iran sanctions - Period of limited sanctions relief under the Joint Plan of Action extended to 24 November 2014

Following further talks at Vienna the P5+1 / E3+3 and Iran have agreed to extend the Joint Plan of Action

30 Apr 2014

Press article: Ukraine - what should the shipping industry expect?

Our representative on the IG sanctions working group, Roger Johnson, was consulted for an article published in Maritime Risk International in April 2014

1 Apr 2014

Press article: Is trading to Iran likely to become any easier?

A look at the recent limited easing of sanctions against Iran from the point of view of the shipping community

11 Mar 2014

Web alert: Targeted EU sanctions against certain persons, entities and bodies in view of the situation in Ukraine

On 5 March, the Council of the European Union adopted a Decision and Regulation to freeze the assets of former President Viktor Fedorovych Yanukovych

7 Mar 2014

Web alert: Ukraine-related Executive Order Issued by the US

On 6 March, the United States issued an executive order that provides the legal basis for imposing sanctions on individuals and entities who have undermined Ukraine’s territorial integrity.

3 Feb 2014

Web alert: Iran sanctions – summary of the current situation following implementation of the Joint Plan of Action

A number of members have contacted the club asking about the current position on trading to Iran following the recent implementation of November’s Joint Plan of Action by the EU and USA.

29 Jan 2014

Press article: Banking sanctions restrict Iran-linked P&I payouts

Moves to loosen Tehran trade restrictions have yet to ease payment of claims

17 Jan 2014

17 January 2014, Standard Club circular, Iran sanctions update

Please see attached circulars

29 Nov 2013

Web Alert: Sanctions - Joint Plan of Action to ease sanctions against Iran

After intensive negotiations in Geneva, early on 24 November a Joint Plan of Action was agreed between Iran and the P5+1 / E3+3

31 Jul 2013

Web Alert: Country-by-country list of EU sanctions updated

The European Commission has updated its list of EU restrictive measures currently in force

4 Jul 2013

Web Alert: OFAC issues updated FAQ guidance regarding the Iran Freedom and Counter-Proliferation Act of 2012

OFAC updated its frequently asked question (FAQ) page regarding the Iran Freedom and Counter Proliferation Act of 2012 (IFCA).

26 Jun 2013

Web Alert: EU sanctions against North Korea (The Democratic People’s Republic of Korea)

Web Alert: EU sanctions against North Korea (The Democratic People’s Republic of Korea)

26 Jun 2013

Web Alert: EU sanctions against Syria

Web Alert: EU sanctions against Syria

26 Jun 2013

Web Alert: EU sanctions against Iran

Web Alert: EU sanctions against Iran

5 Jun 2013

Web Alert: IG issues updated sanctions FAQs

The IG has refreshed its Frequently Asked Questions in light of recent developments relating to US sanctions against Iran.

5 Jun 2013

Web Alert: US Department of the Treasury acts against Iranian front companies

The US Department of Treasury has exposed a global network of private companies for providing revenue to the Iranian government’s leadership and helping it evade international sanctions.

4 Jun 2013

Web Alert: US tightens Iran sanctions

The US President has issued an Executive Order, further tightening sanctions against Iran.

3 Jun 2013

Web Alert: US announces new sanctions against Iran

The US Treasury has issued two recent press releases announcing new sanctions against Iran.

13 May 2013

Web Alert: US authorities agrees settlement with P&I insurer for apparent violations of sanctions

The US authorities have published an enforcement notification in which they advise that the American Club has agreed to pay monies

13 May 2013

Web Alert: US counters attempts to evade sanctions

The US authorities have tightened Iran sanctions in an effort to counter Iran’s attempts to use front companies and deceptive business practices to sell their oil on the international market.

24 Apr 2013

Web Alert: Increase in Turkish Pollution Fines

A revised Pollution Fine Tariff has been implemented in Turkey for 2013, which could impact shipowners significantly.

20 Mar 2013

Web alert: US issues update to Iran regulations

On 15 March 2013, OFAC issued a final rule amending the Iranian Financial Sanctions Regulations.

14 Mar 2013

Web Alert: US OFAC releases updated sanctions search tool

The US Office of Foreign Assets Control has released an updated tool

12 Mar 2013

Web Alert: Sanctions FAQs

The International Group has issued a further set of frequently asked questions in relation to sanctions.

31 Jan 2013

Web Alert: The International Group publishes further guidance on Iran Sanctions, 31 January 2013

The European Union has recently issued a new Regulation (1263/2012)

18 Jan 2013

Web Alert: US Iran Sanctions significantly expanded by the enactment of the Iran Freedom and Counter-Proliferation Act of 2012

On 2 January 2013, President Obama signed into the law the Iran Freedom and Counter-Proliferation Act of 2012.

7 Jan 2013

Web Alert: UK tightens sanctions against Iranian finance sector

HM Government has further tightened financial restrictions in respect of Iranian banks and financial institutions.

7 Jan 2013

Web Alert: US sanctions Japanese bank for breach of sanctions

On 12 December 2012 the US Office of Foreign Assets Control sanctioned a further foreign bank: Bank of Tokyo-Mitsubishi UFJ Ltd.

24 Dec 2012

Web Alert: Sanctions Update, US authorities settle sanctions and money laundering charges with two foreign banks

On 10 December 2012, the US Office of Foreign Assets Control (OFAC) announced a USD 132 million settlement with Standard Chartered Bank (SCB) for apparent violations of US sanctions.

24 Dec 2012

Web Alert: EU implements further Iran sanctions

The EU is issuing a new Regulation that will implement and clarify the EU Council's Decision of October 2012.

17 Oct 2012

Web Alert: The EU has issued fresh sanctions against Iran

On 15 October the EU Council issued fresh sanctions against Iran.

11 Oct 2012

Web Alert: New US sanction law tightens Iran prohibitions

On 9 October 2012 the US President issued a further Executive Order.

25 Sep 2012

Web Alert: US increases sanctions on Iranian institutions

The US Treasury was required to make a determination under the new Iran Threat Reduction and Syria Human Rights Act of 2012 (ITRSHRA).

4 Sep 2012

Web Alert: Commentary on US sanctions statute

Further to our web alert of 16 August we attach a fuller commentary on the latest US statute prepared by our Becky Hamra and LeRoy Lambert from our New York office.

23 Aug 2012

Web Alert: US penalises sanctions buster

The US Treasury Department’s Office of Foreign Assets Control (‘OFAC’) regularly publishes information on its website in respect of its imposition of civil penalties.

16 Aug 2012

Web Alert: New US statute sanctions Iran

On 10 August 2012 the President signed the Iran Threat Reduction and Syria Human Rights Act of 2012 (‘ITRASHRA’).

15 Aug 2012

Web Alert: Iran sanctions- UK government department's views on bunkers

The International Group has continued to liaise with the UK government on the interpretation of EU Regulation 267/2012 in relation to bunker stems of Iranian origin and Iranian cargo residues and slop.

1 Aug 2012

Web Alert: US strengthens Iran sanctions again

The US Treasury has confirmed new sanctions against Iran following the issue of a new Executive Order.

13 Jul 2012

US authorities tighten web against Iranian shipping industry

The US Treasury Department’s Office of Foreign Assets Control has added 24 companies

31 May 2012

Web alert: Updated FAQs in relation to European Union Measures against Iran

The International Group has issued Frequently Asked Questions, updated as at 25 May 2012

4 May 2012

Web Alert: US sanctions against Iran and Syria, 4 May 2012

The US published a new Executive Order on 1 May 2012 in respect of sanctions against Iran and Syria.

27 Mar 2012

Web Alert: EU sanctions against Syria

EU sanctions against Syria continue to be tightened with the addition of more individuals and companies to the EU’s list of designated entities

26 Mar 2012

Web Alert: EU issues further sanctions in respect of Iran

The EU has now issued the anticipated implementing regulation (No 267/2012) envisaged in its Council Decision 2012/35/CFRSP of 23 January 2012.

12 Mar 2012

Web Alert: Ivory Coast Sanctions relaxed by EU and HMT

HMT and the EU have further relaxed sanctions in relation to the Ivory coast.

25 Jan 2012

Web Alert: EU increase sanctions against Iran

The EU in its Council decision 2012/35/CFSP of 23 January 2012 have announced further sanctions against Iran.

25 Jan 2012

Web Alert: EU increase sanctions against Syria

The EU published Council Regulation (EU) No 36/2012 on 18 January 2012 with immediate effect in a move to further increase sanctions against Syria.

3 Jan 2012

Web Alert: US to increase sanctions against Iran, North Korea and Syria - 3 January 2012

The US government is considering a draft ‘Iran, North Korea and Syria Non-proliferation Reform and Modernization Act of 2011’ (the ‘Act’).

Results in 'Publications'

Update on CISADA 1 Dec 2010
EU Sanctions- Iran 1 Dec 2010

Results in 'Events'

Date Title

26 May 2016

Mumbai Seminar
Mumbai

Find a Resource