This year's Annual Review reports strong financial results, continued strategic progress and enhanced support for shipowners operating in an increasingly complex and uncertain global environment.
Please use the tabs at the top of this page, or the arrows at the bottom, to move between each section of the report.
Maritime sanctions are used as a foreign policy tool to pressure governments to change their behaviour. They can target individuals, companies, or entire countries. Examples include asset freezes, travel bans, and restrictions on trade. Sanctions can be imposed by the United Nations, the United States, the European Union, the United Kingdom, and other individual states.
It's important to note that sanctions vary by country. There are numerous sanctions programmes in place, and they are constantly evolving. To stay compliant, it's crucial to stay up to date on the latest changes.
Our website focuses on sanctions enforced by the UK, United States, and the European Union, particularly those targeting Cuba, Iran, North Korea, Syria, Ukraine/Russia, and Venezuela.
For a complete list of countries subject to sanctions, please see our Sanctions Regimes document.
We offer a variety of resources to help you stay up-to-date on sanctions, including:
Sanctions Guide for Owners and Charterers.
Sanctions Regimes Guide.
The latest news articles and publications.
NorthStandard’s Sanctions Advice Group is available 24/7 to answer your questions on sanctions compliance. We can help you with:
Understanding current sanctions on specific countries.
Preventing accidental violations.
Drafting protective sanctions clauses in contracts.
Assessing risks associated with voyages and business activities.
Understanding how sanctions might impact your P&I insurance.
For more information, email our team directly at nssanctionsadvice@north-standard.com, or contact one of our sanctions experts.
See the links below for the latest news on key sanction areas, including:
NorthStandard cannot provide specific advice on whether a particular trade or shipment will violate sanctions. It is your responsibility to conduct thorough due diligence to ensure compliance.
