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

Effective June 29, 2020, BIS will impose an export license requirement on a broad range of items destined for “military end-users” in China, supplementing existing restrictions on exports for “military end-use” in that country. The rule also expands the definition of “military end-use” and the category of items for which a license may be required for exports to China, Russia, and Venezuela. These changes expand and harmonize controls for “military end-users” and “military end-uses” in an attempt to counter the contribution of commercial U.S.-origin items to the military capabilities of these countries. Published by Goodwin Protecter LLP. Full text -> ICLG

Murtaza Lakhani-controlled tanker owner suggests it would stop dealing with Rosneft Trading as US ramps up sanctions pressure. By Max Tingyao Lin. Full text -> Trade Winds.

​Trade to Venezuela should be considered carefully in light of the above developments. Given the direct conflict between local Venezuelan requirements and US sanctions, members who are unsure of their position are strongly recommended to take legal advice. Full text-> Standard Club