Sanctions update – Syria
Tagged: marine insurance, reinsurance, sanctions, Syria
Current sanctions against Syria are predominantly targeted at certain SDNs and the country’s energy industry. (Re)Insurance related to crude oil and petroleum products are strictly prohibited, which also includes hull policies for tankers or any other vessel involved in such activities.
International restrictions are constantly changing and updates provided are by no means exhaustive. If you ever have any questions or concerns in relation to sanctions, do not hesitate to contact FP Marine Risks.
We also recommend that Assureds consider seeking legal advice for any shipments or reinsurance that may be affected by these sanctions.
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Blog
30 March 2012
A recent report has highlighted how the rate of total losses of marine shipping has fallen significantly over the last 100 years.
30 January 2012
As of 30 January 2012, the US has issued some important sanctions against a few major corporations and the EU has escalated its regulations on Iranian trade.
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9 May 2012
FP Marine Risks has received approval for an investment into Shanghai-based HY Insurance Brokers. Both companies are specialist marine insurance brokers.
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Since 2007, FP Marine Risks has been offsetting carbon emissions that are generated through the company’s air travel. This year, we have chosen the Gobi Gansu Wind Power project in China.
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26 November 2008