New notification and information requirements in relation to Russia / Belarus trades
Executive Summary The shipping industry continues to be significantly affected by the sanctions imposed against Russia/Belarus as a consequence of the invasion of Ukraine. Members and the Club could be exposed to the risk of sanctions by reason of the involvement of Russian/Belarusian parties in the sale/purchase of cargoes, the origin and destination of Russian/Belarusian cargoes, and the ownership/management/operation/chartering of ships (“Russian/Belarusian-nexus risks”). The Club is introducing the following notification requirements which Members should comply with if their vessel activities have a Russian/Belarusian nexus: • Notice of a call to ...
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