EU’s Bid To Tighten Reporting Rules Amidst Russian Oil Price Cap

Capt. John

The European Commission is reportedly set to enhance reporting requirements for shippers and insurers to combat the evasion of the G7 oil price cap on Russian oil exports.

Leaked information suggests the proposal includes a new obligation for attestations to itemize ancillary costs, such as insurance and freight, in addition to declaring the price paid for Russian oil, says an article published on sp global website.

Current Situation

Since December 2022, Western shippers must declare they paid no...

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.