Home Banking Last Call For Tomorrow’s Webinar On The New U.S. Sanctions Advisory On Shipping A Must See For Shipowners, Lenders and Charterers

Last Call For Tomorrow’s Webinar On The New U.S. Sanctions Advisory On Shipping A Must See For Shipowners, Lenders and Charterers

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Last Call For Tomorrow’s Webinar On The New U.S. Sanctions Advisory On Shipping A Must See For Shipowners, Lenders and Charterers

5/22/2020 at 10am (EST)

 

Register here

Overview:
On May 14th, the U.S. Government issued a detailed Sanctions Advisory for the shipping/maritime community. This Advisory further highlights the U.S. government focus on the shipping industry to enforce U.S. sanctions. The Advisory goes into great detail into the specific compliance measures, the U.S. Government believes different actors (including vessel owners, ship registries, marine insurers, and technical managers) should undertake.
Key Takeaways:
  • How this Sanctions Advisory will accelerate self-policing and de-risking by banks, ship registries, and marine insurers, and as a result vessels and operators that are suspected of suspicious trading activity may find themselves being shut out by major ship registries and P&I Clubs.
  • What methodology can companies use to implement the recommendations in a practical and cost effective way?
  • What are the practical realities of conducting in-depth due diligence in maritime transactions?
  • Where should companies tighten contract language with counterparties, and how effective are such clauses?

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