Tag: Venezuela

Iran and Venezuela have launched a direct shipping route to enhance trade ties amid U.S. sanctions, the Iranian embassy in Caracas announced in a statement released on Friday 3 March 2023.

West P&I Club informed that Venezuelan Port Authorities have implemented a mandatory protocol for crew changes in all Venezuelan ports, effective from 10 February 2023.

According to the Venezuelan port authorities, as of 10th February, a protocol for crew changes will be implemented in all Venezuelan ports and the UK P&I Club provides related updates.

A Venezuelan oil terminal experienced fire after a loading hose broke while a tanker was being loaded. The incident took place on September 17 at the Guaraguao facility in Puerto La Cruz.

Venepandi informs operators about a danger of navigation in the internal waters of the Venezuelan Caribbean Sea, specifically to the vessels that are heading towards the ports of eastern Venezuela, caused by a large rock. 

The US decided to ease sanctions to enable Venezuelan oil to be transported to Europe to help those countries reduce their dependence on Russian oil.

An Iran-flagged supertanker on Saturday was about to set sail from Venezuelan waters carrying 2 million barrels of heavy crude, according to documents seen by Reuters.

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued three separate and related general licenses (GLs) relevant to the sanction programmes targeting Iran, Syria, and Venezuela.

On 1 June 2021, the US Office of Foreign Assets Control (OFAC) extended the provisions of General License 8G, authorizing certain PdVSA-related transactions and activities for some US-based energy corporations. 

The 0.5% sulphur limit is valid for ships equal to or greater than 400 gross tonnage operating in Venezuela, but vessels under the special permit regime, engaged in coastal and domestic navigation, will continue to use fuel by national supplier, until there is availability of IMO-compliant fuel.