Sanctions | Shipowners

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Sanctions are imposed to maintain or secure international peace and security and, as such, are continuously developing within a complex landscape. It is vital that our Members are diligent in considering how sanctions may impact upon their operations.

As part of our service to Members, we have dedicated points of contact within the Club with specialist sanctions knowledge and experience and are ready to provide information, guidance and advice to Members in regards to their insurance cover.  As a starting point, when considering Club cover, Members’ attention is drawn in particular to Club Rules 32, 45, 46 and 47.

We encourage Members to review the many articles and circulars the Club has distributed in regards to sanctions, all of which are available by clicking on a country of interest shown on the map below. The experience we have gained in advising our Members has been used to focus on the countries which tend to be of regular interest. Whilst we hope this information is helpful, as always it is for Members to carry out and rely upon their own due diligence. These should include at minimum checks on all parties involved in the trade/works and an examination of the cargo to be carried and/or services to be provided. We also strongly recommend that Members consider incorporating sanctions clauses into charterparties. In 2020, BIMCO produced new sanctions clauses for time and voyage charterparties. These clauses can be found on BIMCO’s website, together with explanatory notes.

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Belarus Sanctions

We encourage Members to have an awareness of the UK, EU and US sanctions regimes concerning Belarus. Members who may be impacted by a UK, EU or US nexus are strongly advised to identify any transactions or trade related and/or connected to Belarus and assess the risks involved.

Meet the team

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Britt Pickering

Claims & Legal Director

Mob: +44 7703 254282

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Paul Smit

Head of Legal

Mob: +27 73 949 0591

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Tashrina Chowdhury

Legal Executive

Tel: +44 207 423 9229

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