Gard Releases Updated Advisory for the Maritime Industry

On 21 October 2024, the Price Cap Coalition issued an Updated Advisory for the Maritime Industry which sets out best practice recommendations for those involved in the trade of Russian origin crude oil and petroleum products.
On the 31 October 2024, the Office of Foreign Assets Control (OFAC) also published a Compliance Communique: Sanctions Guidance for the Maritime Shipping Industry.

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has released updated sanctions compliance...