Are you exposed?

Michelle Linderman, James Rose and Jonathan Reese, of Ince & Co LLP, provide an overview of the operation of European Union trade and economic sanctions and discuss measures that can be adopted by the maritime industry to reduce the risk of inadvertent breaches

International sanctions have, in recent times, become an increasingly important consideration for the maritime sector with recent European Union (EU) sanctions against Iran (introduced in December 2012) specifically targeting shipping and the US introducing extraterritorial sanctions in relation to Iran and Syria. This article looks exclusively at compliance with EU sanctions.