Chicago-headquartered law firm Mayer Brown on Monday (10 April) released an update on UK sanctions regarding bunkering services to ships carrying Russian-origin oil or oil products.
According to the update, the Office of Financial Sanctions Implementation (OFSI) updated its guidance on the UK’s Russian oil maritime services ban and oil price cap.
In summary the updated guidance sets out amongst other things that;
In the industry guidance, it stated the provision of bunkering services to a ship carrying Russian-origin oil or oil products is not in scope of the UK maritime services ban or price cap.
“A UK provider of bunkering services can therefore provide these services to a vessel carrying Russian-origin oil or oil products irrespective of whether the cargo complies with the relevant price cap,” it said.
Manifold Times previously reported International Group of P&I Clubs (IGP&I) seeking clarification from the EU and UK regulatory authorities regarding vessels bunkering Russian origin bunker fuel in Russia or elsewhere.
In a circular addressing the Russian oil price cap, the group said owner and charterer members that are looking to stem bunkers are recommended to seek clarification on the legality of stemming Russian origin bunker fuel in Russia or elsewhere.
Note: The full ‘Industry Guidance on UK Maritime Services Ban and Oil Price Cap’ by OFSI can be viewed here.
Related: IGP&I seeks clarification from EU and UK on vessels bunkering Russian-origin marine fuel
Photo credit: Shaah Shahidh on Unsplash
Published: 17 April, 2023
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