Timor-Leste, Democratic Republic of - Trading restrictions
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USA - US sanctions related to Ukraine/Russia
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Korea, Republic of - Trading restrictions
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US expands Iranian Sanctions and issues shipping advisory
The United States Office of Foreign Assets Control (OFAC) has expanded sanctions against Iran and issued an advisory to the shipping community.
BIMCO issues update on Persian Gulf tensions and sanctions clauses
After the killing of General Qassem Soleimani by a US drone in early January 2020, and the following retaliation by Iran, BIMCO is publishing its view of the escalated tension in the Persian Gulf, as well as advice regarding the new sanctions clauses, and encourages owners, operators and charterers ... Please follow the link to continue reading.
USA - US sanctions against the Democratic People's Republic of Korea
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COVID-19 restrictions are updated
BIMCO makes a continuous effort to provide information on the most recent restrictions.
Geopolitical shift prompts new sanctions clauses from BIMCO
BIMCO is updating its suite of sanctions clauses to reflect changes in the sanctions’ environment. The new clauses are expected to be launched at the end of 2019.
COVID-19 restrictions are updated
BIMCO makes a continuous effort to provide information on the most recent restrictions.
Sanctions Clause for Contracts of Affreightment (GENCOA) 2022
The sanctions landscape has grown increasingly complex. International sanctions regimes are constantly changing with new restrictions being added and new persons and entities being listed. A violation of sanctions restrictions can have severe consequences and in the worst cases can lead to parties b... Please follow the link to continue reading.
