Loss Prevention Advice
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Senegal, and the port of Dakar in particular, continues to be a hotspot for significant fines.
Reports continue to come in of vessels facing fines imposed by the Senegalese customs authorities.
Recent experience suggests the customs authorities’ findings reflect those stated below in our earlier update but noting that they have imposed penalties based on a perceived misdeclaration of CO2 fire extinguishing media on board the calling vessels. To attempt mitigation in such cases, consider declaring CO2 quantities in both number of bottles and weight.
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On 17 April 2024 OFAC issued General License 44A (GL44A) which permits the wind-down of oil and gas operations in Venezuela until 31 May 2024, including “the production, lifting, sale, and exportation of oil or gas from Venezuela, and provision of related goods and services” and transactions involving the state oil company PdVSA. No new activity previously permitted under General License 44 (GL44) may be entered into and the wind-down period therefore only applies to activity authorised by under GL44 before 17 April.
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Changes to the Oil Price Cap
Reference is made to shipowners wherein changes to the Oil Price Cap (OPC) scheme (which regulates the transport and insurance of Russian CN 2709 and CN 2710 cargoes) coming into effect as of 19 February 2024 (UK and US) and for cargoes loaded on or after 20 February 2024 (EU) was described.
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The Lymantria Dispar, also known as the Flighted Spongy Moth Complex (FSMC), is a species of moths, native to China, far-East Russia, and other countries of the Asia-Pacific, such as Japan and Korea.