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News and knowledge

Latest updates

News items in 2012

Date Title

24 Dec 2012

Web Alert: Sanctions Update, US authorities settle sanctions and money laundering charges with two foreign banks

On 10 December 2012, the US Office of Foreign Assets Control (OFAC) announced a USD 132 million settlement with Standard Chartered Bank (SCB) for apparent violations of US sanctions.

24 Dec 2012

Web Alert: EU implements further Iran sanctions

The EU is issuing a new Regulation that will implement and clarify the EU Council's Decision of October 2012.

29 Nov 2012

Web Alert: New panamax ship requirements for those ships arriving at Panama Canal

The Panama Canal Authority (PCA) has issued up-to-date requirements for all ships arriving at the Panama Canal in an advisory issued 23 November 2012.

8 Nov 2012

Web Alert: Government initiated unannounced oil spill response exercises to take place in Captain of the Port of New Orleans Zone

The Managers understand that an oil spill response drill is scheduled to be held imminently in the Captain of the Port of New Orleans Zone.

24 Oct 2012

Web Alert: US customs tightens requirements for advance notice

The Advanced Passenger Information System (APIS) is an electronic data interchange system established by US Customs and Border Protection.

17 Oct 2012

Web Alert: The EU has issued fresh sanctions against Iran

On 15 October the EU Council issued fresh sanctions against Iran.

11 Oct 2012

Web Alert: New US sanction law tightens Iran prohibitions

On 9 October 2012 the US President issued a further Executive Order.

25 Sep 2012

Web Alert: US increases sanctions on Iranian institutions

The US Treasury was required to make a determination under the new Iran Threat Reduction and Syria Human Rights Act of 2012 (ITRSHRA).

11 Sep 2012

Web Alert: Philippines Supreme Court restricts crewman’s claims

The Philippines Supreme Court has ruled that a crewman had no cause of action for total and permanent disability as his complaint was filed before the expiry of the 120 day treatment period envisaged.

10 Sep 2012

Web Alert: Limitation amounts set to increase

The IMO adopted the Convention on Limitation of Liability for Maritime Claims (LLMC) in 1976 in order to update the limitation regime previously available under the Brussels Convention of 1957.

4 Sep 2012

Web Alert: Commentary on US sanctions statute

Further to our web alert of 16 August we attach a fuller commentary on the latest US statute prepared by our Becky Hamra and LeRoy Lambert from our New York office.

24 Aug 2012

Web Alert: Greener fuels must be used near US and Canada

The North American Emission Control Area (ECA), designated under the International Convention for the Prevention of Pollution from Ships (MARPOL) entered into force on 1 August 2012.

23 Aug 2012

Web Alert: US penalises sanctions buster

The US Treasury Department’s Office of Foreign Assets Control (‘OFAC’) regularly publishes information on its website in respect of its imposition of civil penalties.

16 Aug 2012

Web Alert: New US statute sanctions Iran

On 10 August 2012 the President signed the Iran Threat Reduction and Syria Human Rights Act of 2012 (‘ITRASHRA’).

15 Aug 2012

Web Alert: Iran sanctions- UK government department's views on bunkers

The International Group has continued to liaise with the UK government on the interpretation of EU Regulation 267/2012 in relation to bunker stems of Iranian origin and Iranian cargo residues and slop.

13 Aug 2012

Web Alert: Recent Developments in Turkish Maritime Law

The Turkish Commercial Code 1957 has recently been amended by a New Turkish Commercial Code (new TCC) which came into force on 1 July 2012.

1 Aug 2012

Web Alert: US strengthens Iran sanctions again

The US Treasury has confirmed new sanctions against Iran following the issue of a new Executive Order.

1 Aug 2012

Web Alert: European Commission closes investigation

The European Commission has today announced that it has closed its review of the International Group's claims-sharing and reinsurance arrangements.

13 Jul 2012

US authorities tighten web against Iranian shipping industry

The US Treasury Department’s Office of Foreign Assets Control has added 24 companies