July 25, 2024

Impact of US Sanctions on Trade Involving Venezuela and P&I

Retrieved

This Circular serves as a reminder of the difficulties that sanctions can create in relation to the provision of cover. Enforcement of sanctions by relevant authorities may in some cases prohibit payments under contracts that support trade, including insurance and reinsurance. Members should therefore bear these risks in mind if contemplating trade involving or connected with those countries. Full Text-> HellenicShipingNews

Translation/ Traducción