Sanctions and the maritime industry: Part 1 – Overview of OFAC and OFSI advisory notes
In this first in a series of articles on sanctions and the maritime industry, we provide an overview of the recent advisory notes issued by OFAC and OFSI, the US and UK bodies responsible for the implementation and enforcement of their respective sanctions, and look at what they mean for the maritime and commodities industries.
The shipping and commodities industries have found themselves at the forefront of...