Strong warning against shipping petroleum products to Syria
US government issues strong warning against shipping petroleum products to Syria.
On November 20, 2018 the United States Office of Foreign Asset Control (OFAC) issued an Advisory warning the maritime community against transporting petroleum to the Syrian Government.
On March 25, 2019, OFAC has reprised that warning, in a second Advisory entitled “Sanctions Risks Related to Petroleum Shipments Involving Iran and Syria.” This Advisory may portend a tougher enforcement of the US sanctions against Syria.
Members are required to strictly follow the prohibition not to ship petroleum products to Syria including the Syrian government. Any breach of the prohibition will result in that insurance cover will cease.
Member Alert is published by The Swedish Club as a service to members. While the information is believed correct, the Club cannot assume responsibility for completeness or accuracy.