On 30 December 2022, US Treasury’s OFAC quietly released their preliminary guidance for the forthcoming price cap for the provision of services related to the maritime transport of Russian oil products. The cap is scheduled to be implemented by 5 February 2023 by the EU, G7 members and Australia. Much as with the crude oilContinue reading “Russian Oil Product Price Cap – What will it look like?”
Tag Archives: Shipping
Key Takeaways for Senior Management and Compliance Personnel from the Dan Bunkering Verdict
The verdict against Dan Bunkering, Bunker Holding, as well as the chairman of Dan Bunkering and CEO of Bunker Holding, is monumental not only because it is a rare example of a criminal conviction for EU sanctions compliance failures, but because it confirms the scope and expectations for what it means to comply with EUContinue reading “Key Takeaways for Senior Management and Compliance Personnel from the Dan Bunkering Verdict”
The shipping industry faces expanded risks from the new U.S. Russia sanctions
A collaboration with Windward to examine the risks to the shipping industry from the latest U.S. sanctions on Russia. Check out the article: “The shipping industry faces expanded risks from the new U.S. Russia sanctions”