PANAMA REGISTRY TO EXPEL 60 IRANIAN VESSELS TO AVOID US SANCTIONS

Seatrade Maritime News on 3rd February reported that Panama has agreed to remove from its Ship Registry some 60 Iranian vessels – reflagged to Panama’s Ship Registry in 2016 following the lifting of OFAC sanctions – to avoid being placed on a US Treasury blacklist. The ships involved are mostly tankers. It also says that Panama has instructed Panamanian consuls not to receive any payment for taxes and fees from the vessels coming from or from companies from Iran.

http://www.seatrade-maritime.com/news/americas/panama-registry-to-expel-60-iranian-vessels-to-avoid-us-sanctions.html

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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