EU RUSSIA SANCTIONS – CLARIFICATION ON THE CARRIAGE OF CERTAIN CARGOES INCLUDING COAL AND FERTILISERS

On 12 August, the UK P+I Club issued a Circular advising that, on 10 August, the EU had published updated FAQ clarifying the application of provisions relating to the carriage of certain cargoes from Russia, including coal and other solid fossil fuels as well as certain types of fertiliser.  These clarifications are said to have a significant impact on the carriage of these commodities by EU entities and the provision of insurance for carriage to any entity regardless of their domicile.  It notes that the sanctions provisions were subject to a wind-down period in any event until 10 July and 10 August for sale contracts concluded before 9 April.  It says that the involvement of an EU entity in the carriage of Russian fertilisers and coal or other solid fossil fuels to any destination whatsoever and whether inside or outside the EU would be in breach of EU sanctions; and that the sanctions prohibitions include insurance and reinsurance services and prevent any entity subject to the jurisdiction of the EU from providing insurance and reinsurance for the carriage of Russian fertilisers and coal and other solid fossil fuel cargoes regardless of destination. 

https://www.ukpandi.com/news-and-resources/circulars/2022/circular-09-22-eu-sanctions-clarification-published-on-the-carriage-of-certain-russian-cargoes-including-coal-and-fertilisers/

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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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