US Sanctions

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Watch: Nine questions to ask to ensure compliance with sanctions

Daniel A. Tadros, J.D., Chief Legal Officer for the Managers of the American P&I Club, reviews the latest developments in the area of sanctions and compliance that all vessel operators need to be aware of as they emerge from lockdown and return to business as usual.

US removes Greek Shipowners from sanctions

US Ambassador to Greece Geoffrey Pyatt, announced the reversal of the actions in a Tweet citing recent statements and actions by the Greek shipowners to sever ties with Venezuela.

US puts four Greek tankers on the blacklist

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four companies for operating in the oil sector of the Venezuelan economy. OFAC lalso identified four vessels as blocked property.

American Club issues economic sanctions guide

Following an increase in sanctions throughout the whole shipping industry, the American Club issued a guide called “Economic Sanctions – Compliance Guidance”, providing guidance so that the industry can comply with the laws and sanctions.

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