Strait of Hormuz: Sanctions Considerations

The Strait of Hormuz continues to present complex and evolving risks for shipowners and operators — not only from a security perspective, but increasingly from a sanctions and compliance standpoint.

We highlight key takeaways from our recent article on sanctions considerations, including:

• Reported transit requirements and associated payment demands
• The implications of OFAC FAQ 1249 and exposure under U.S., EU and UK regimes
• Recent developments in sanctions enforcement linked to Iranian activity
• The potential impact on Club cover for owners and charterers

For further information, contact your usual Club representative, or for general enquiries please contact: GeneralOffice@simsl.com