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US Shipping Advisory: Guidance for Crewing Companies

Guidance for Crewing CompaniesCrewing companies may wish to consider implementing the following due diligence practices to the extent they deem such practices appropriate and helpful in assessing and mitigating sanctions risks. Being aware of, and ensuring your crewmembers are aware of, the IMO circulated guidance in relation to illicit shipping […]

US Shipping Advisory: Guidance for Vessel Captains

Guidance for Vessel CaptainsSeafarers may wish to consider implementing the following due diligence practices to the extent they deem such practices appropriate and helpful in assessing and mitigating sanctions risks. Understanding, and ensuring your deck officers are aware of, the IMO required AIS regulations, which include consistently broadcasting AIS transmissions […]

US Shipping Advisory: Guidance for Classification Societies

Guidance for Classification SocietiesClassification societies may wish to consider implementing the following due diligence practices to the extent they deem such practices appropriate and helpful in assessing and mitigating sanctions risks. Keeping records, including photographs, of recipient vessels and/or recipients located at ports when possible, to enhance end use verification. […]

US Shipping Advisory: Information Helpful to Financial Institutions to Assess the Risks of their Maritime Industry Customers

Information Helpful to Financial Institutions to Assess the Risks of their Maritime Industry Customers Similar to the customer due diligence approach conducted for any customer, financial institutions should rely on their internal risk assessments for customers in the maritime industry, in order to employ appropriate risk mitigation measures consistent with […]

US Shipping Advisory: Guidance for Regional and Global Commodity Trading, Supplier and Brokering Companies

Guidance for Regional and Global Commodity Trading, Supplier, and Brokering CompaniesRegional and global commodity trading, supplier, and brokering companies may wish to consider implementing the following due diligence practices as appropriate in assessing and mitigating sanctions risks. Monitoring AIS transmissions of chartered clients, especially in the case of vessels in […]

US Shipping Advisory: Guidance for Maritime Insurance Companies

Guidance for Maritime Insurance CompaniesA maritime insurance company may wish to consider implementing the following diligence practices as appropriate in assessing and mitigating sanctions risks. Monitoring Automatic Identification System (AIS) transmissions and investigating the following occurrences when involving an insured vessel: any significant time period with non-transmission that is not […]