MYSTERY $15 MILLION IRAN SHIPMENT EXPOSES AUSTRALIAN-OWNED COMPANY TO SANCTIONS THREAT

An article in the Guardian 16th August is concerned with the Bulk Aquila and the movement of a significant haul of urea fertiliser out of Iran last month to China.  The cargo was reloaded onto a ship being used by Quantum Fertiliser, a Hong Kong-based trading subsidiary of multinational Incitec Pivot, a donor to the Australian Labor party.  The article says that the company said it was “misled about the origin of the product” and was urgently offloading the suspect cargo, while launching a wider review to “remove the risk of a repeat of this situation”.

https://www.theguardian.com/business/2019/aug/16/mystery-15m-iran-shipment-exposes-australian-owned-firm-to-sanctions-threat

https://www.theguardian.com/world/video/2019/aug/16/ship-loaded-with-iranian-cargo-in-possible-breach-of-us-sanctions-on-iran-video

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

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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