Mercantile & Maritime updates operational procedures to comply with OFAC sanctions

Mar 12 2020


As a global business operating across the oil and gas value chain, the Mercantile & Maritime Group operates in full compliance with all international trade laws and maritime regulations.

On February 18 the US’ Treasury’s Office of Foreign Assets Controls announced further sanctions in relation to oil sales from Venezuela.

 

Following an extensive review of our live arrangements, we can confirm that any activities impacted by the recent U.S sanctions will be terminated in accordance with the specified timeline.

 

We will continue to monitor developments to ensure we remain compliant going forward.

 

Mercantile & Maritime has long-established compliance procedures and internal controls in place to ensure we are compliant with the applicable rules and regulations in the territories in which it operates.

 



Related News

KR awards Type Approval for direct CO2 measurement system on vessels

(May 12 2022)

Korean Register (KR) has awarded Singapore-based Marine Technology Solution Pte Ltd a Type Approval certificate for their direct and continuous CO2 emission measurement system called CARBON LENS.



‘Ammonia Prepared’ class notation for Geogas LPG carriers ordered at HMD

(Mar 17 2022)

Bureau Veritas (BV), a world leader in testing, inspection, and certification, is supporting the classification and construction at Hyundai Mipo Dockyard (HMD) in the Republic of Korea of two 40,000 cbm LPG carriers that will be ‘ammonia prepared’.



IRS CAP certification of VLCCs and LPGs of MOL

(Mar 03 2022)

Indian Register of Shipping has successfully completed Condition Assessment Programme (CAP) certification of four vessels of MOL Tankship Management Pte. Ltd., Singapore.



Bahamas a top-performing flag state, says ICS report

(Feb 03 2022)

The Bahamas has been confirmed as a top-performing flag state, achieving positive scores across all 19 categories of the International Chamber of Shipping (ICS)’s 2020-21 Flag State Performance Table.



Ecochlor announces USCG Type Approval for its filterless EcoOne BWMS

(Jan 14 2022)

Ecochlor, Inc. is pleased to announce that their filterless EcoOne™ and EcoOne™ Hybrid has received United States Coast Guard (USCG) Type Approval.



June July 2022

SIRE 2.0 - OCIMF and Columbia Ship Management perspective; seafarer mental health; EU ETS costs; 33 years after Exxon Valdez; resolving BWTS problems