Loss Prevention Advice
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On 17 April 2024 OFAC issued General License 44A (GL44A) which permits the wind-down of oil and gas operations in Venezuela until 31 May 2024, including “the production, lifting, sale, and exportation of oil or gas from Venezuela, and provision of related goods and services” and transactions involving the state oil company PdVSA. No new activity previously permitted under General License 44 (GL44) may be entered into and the wind-down period therefore only applies to activity authorised by under GL44 before 17 April.
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Changes to the Oil Price Cap
Reference is made to shipowners wherein changes to the Oil Price Cap (OPC) scheme (which regulates the transport and insurance of Russian CN 2709 and CN 2710 cargoes) coming into effect as of 19 February 2024 (UK and US) and for cargoes loaded on or after 20 February 2024 (EU) was described.
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The Lymantria Dispar, also known as the Flighted Spongy Moth Complex (FSMC), is a species of moths, native to China, far-East Russia, and other countries of the Asia-Pacific, such as Japan and Korea.
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As the maritime world becomes more complex, so do the security threatsand to provide regular security updates from the maritime security hotspots around the world.