ADDITIONAL US VENEZUELAN SANCTIONS

On 10th May, OFAC added 4 companies to its Venezuelan sanctions list – 3 Liberian: JENNIFER NAVIGATION LIMITED, LARGE RANGE LIMITED, LIMA SHIPPING CORPORATION, and 1 Italian PB TANKERS S.P.A.  It also added 9 vessels that fly the Italian, Maltese, Greek and Panamanian flags.

OFAC also identified 2 further companies -Monsoon Navigation Corporation (based in the Marshall Islands, registered owner of the vessel, Ocean Elegance); and Serenity Maritime Limited (based in Liberia, registered owner of the vessel, Leon Dias).  It also listed the 2 additional tanker vessels, Ocean Elegance and Leon Dias.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20190412.aspx

https://home.treasury.gov/news/press-releases/sm685

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20190510.aspx

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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