Sanctions at sea: when goods become restricted mid-voyage

The issue of goods becoming restricted in transit is particularly acute under Regulation 28 of the Russia Regulations, which prohibits providing financial services or funds in connection with the provision of restricted good

MARINE insurers have become accustomed to assessing sanctions risk at the inception of a voyage. Increasingly, however, sanctions measures are introduced at speed and without notice. This creates a difficult question: what happens when goods that were lawfully loaded become restricted in transit?