The Club’s Members come from, and trade across, all four corners of the world, and often use standard contracts under which parties’ liabilities may be allocated on a knock-for-knock basis. This concept and related indemnity provisions are widely used in contracts related to towage, offshore work and salvage.

The Compliance note provides common red flags that can alert the international community on the use of third-party intermediaries or trans-shipment points to evade Russian and Belarussian related sanctions, and obscure the true identities of Russian end users.

The Club would like to highlight to our Members, the potential hazards associated with oily engine room bilges and the checks and steps that a ship’s crew should undertake to assist mitigate the associated possible issues.

The growth in the number of vessels operating in these renewables sectors is generating a new composition of claims, with new specific insurance requirements. The regulatory environment and the customers are distinct, and the contracts in use, whilst possessing some similarities, have novel and sometimes nascent formats and clauses. The Club is available to advise Members on these matters from the underwriting, claims and loss prevention sides, but in this latest article from our Technology in Shipping series, we have invited a leading global energy and marine consultant, ABL, to explain­ what opportunities and challenges they are seeing emerge on the ground.

On 24 February 2023, the one-year anniversary of Russia’s invasion of Ukraine, the US Department of State and the US Department of Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on numerous additional individuals, entities and vessels that the US has determined are engaged in sanctions evasion.