Guidance

Russian Oil Services ban

Guidance, General Licences and reporting forms in relation to the Maritime Services Ban and Oil Price Cap Exception.

Documents

Maritime Services Ban and Oil Price Cap Exception - HMT Industry Guidance

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Breach reporting form

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GENERAL LICENCE – Oil Price Cap INT/2024/4423849

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HM Treasury Publication Notices, for INT/2024/4423849, INT/2023/3074680, INT/2022/2470156 and INT/2022/2470056

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Tier 1 reporting activity under Oil Price Cap General Licence INT/2022/2469656 or INT/2024/4423849

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Tier 2/3 notification of dealing with a non-UK Tier 1 under INT/2022/2469656 or INT/2024/4423849

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Tier 2/3 notification that Tier 1 Provider has not confirmed compliance with reporting requirements under INT/2022/2469656

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GENERAL LICENCE – Correspondent banking and payment processing INT/2022/2470056

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GENERAL LICENCE – Trading in Derivatives and Futures INT/2023/30742680

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GENERAL LICENCE – Oil Price Cap: Exempt Projects and Countries INT/2022/2470156

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Sample Attestation Form

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Specific Licence application form

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Notification for use of the exception when dealing with an emergency

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Details

Russian Oil Services Ban – HMT Guidance

Guidance for the UK ban on the provision of maritime transportation of, and associated services for the maritime transportation of, certain Russian oil and oil products.

HM Treasury Publication Notices, for INT/2024/4423849, INT/2023/3074680, INT/2022/2470156 and INT/2022/2470056

Publication notice for the General Licences which implement the Oil Price Cap and associated policies.

General Licences and Reporting Forms

GENERAL LICENCE – Oil Price Cap INT/2024/4423849

The new ‘Oil Price Cap’ General Licence (INT/2024/4423849)

Tier 1 reporting activity under Oil Price Cap General Licence INT/2022/2469656 or INT/2024/4423849

Form for Tier 1 Providers to report their activity under Oil Price Cap General Licence INT/2022/2469656 or INT/2024/4423849.

Tier 2/3 notification of dealing with a non-UK Tier 1 under INT/2022/2469656 or INT/2024/4423849

Form for use by Tier 2 or Tier 3A or 3B Providers acting under the authority of Oil Price Cap General Licence INT/2022/2469656 or INT/2024/4423849, for the purpose of notifying OFSI that they are dealing directly with a non-UK Tier 1 Provider.

Tier 2/3 notification that Tier 1 Provider has not confirmed compliance with reporting requirements under INT/2022/2469656

Form for use by Tier 2 and Tier 3 Providers to report to OFSI instances where a UK Tier 1 Provider, with whom they are directly transacting, has failed to confirm compliance with the requirement to notify OFSI of activity undertaken permitted under General Licence INT/2022/2469656.

GENERAL LICENCE – Correspondent banking and payment processing INT/2022/2470056

Detail on the financial services scope of the maritime services ban.

GENERAL LICENCE – Trading in Derivatives and Futures INT/2023/30742680

A General Licence regarding the exemption of Derivatives and Futures Trading from the scope of Oil Price Cap Exception and Maritime Services Ban.

GENERAL LICENCE – Oil Price Cap: Exempt Projects and Countries INT/2022/2470156

A General Licence regarding the Sakhalin Island and other exempt projects.

Additional Forms (Breaches, Notifications, Applications)

Sample Attestation Form

Attestation form as agreed by G7 for reference

Specific Licence Application form

This application form is for those applying for a specific OPC licence under the extraordinary situation licensing ground.

Notification for use of the exception when dealing with an emergency

Notification form for those reporting use of the exception when dealing with an emergency.

Breach reporting form

A form to report suspected breaches and compliance issues related to implementation of the UK’s ban on the maritime transportation of Russian oil and oil products and associated services and the oil price cap

Published 4 December 2022
Last updated 8 March 2024 + show all updates
  1. The deadline for providing additional attestations or itemised ancillary costs has been increased from 28 days to 30 days.

  2. GENERAL LICENCE – Oil Price Cap INT/2024/4423849 The new ‘Oil Price Cap’ General Licence (INT/2024/4423849) Updates to OFSI’s guidance in relation to the attestation model, with per-voyage attestations and itemised ancillary costs. The deadline for providing additional attestations or itemised ancillary costs has been reduced from 30 days to 28 days. The requirement to cease doing business with actors who refuse or fail to provide information has been clarified as being contract-specific and only applying to policies relating to the seaborne transportation of Russian oil and oil products.

  3. GL updated with expiration date

  4. Price Cap Coalition Oil Price Cap (OPC) Compliance and Enforcement Alert added

  5. Updates to OFSI’s guidance in relation to the attestation model, with per-voyage attestations and itemised ancillary costs. Clarification on reporting requirements for UK nationals in third countries. Clarification on reporting timelines. Amendments to the tier system, with separation of Tier 3 into Tier 3A and 3B.

  6. Update to General Licence INT/2022/2470156 to extend the expiration date of the Schedule 1 Exempt Projects, Sakhalin-2 Project, to 28 June 2024. Update to the Publication Notices document, reflecting the above change.

  7. Updated compliance forms, and instructions for using them.

  8. Updates to OFSI's guidance in relation to derivatives & futures trading, winddown periods and 'as soon as practicable' meaning. Publication of a derivatives and futures trading general licence.

  9. Uploaded an updated version (April 2023) of the Guidance.

  10. Slight change to numbering in overall guidance.

  11. March 2023 update to the overall guidance.

  12. Aligned form descriptions and order with updated uploaded documents

  13. Added reporting forms and updated titles.

  14. Russian Oil Services Ban - HMT Industry Guidance updated

  15. GENERAL LICENCE – Products Oil Price Cap Wind-down INT/2023/2660772 added and HM Treasury Publication Notices 03-02-23, for INT/2022/2469656, INT/2022/2470256, INT/2022/2470056, INT/2022/2470156 and INT/2023/2660772

  16. HM Treasury Publication Notices 05-1-23 for INT/2022/2469656, INT/2022/2470256, INT/2022/2470056 and INT/2022/2470156 added General licence, Oil Price Cap: Exempt Projects and Countries INT/2022/2470156 updated

  17. HM Treasury Publication Notices for INT/2022/2469656, INT/2022/2470256, INT/2022/2470056 and INT/2022/2470156 added Russian Oil Services Ban - HMT Industry Guidance updated Reporting forms for General Licence INT/2022/2469656, INT/2022/2470256 and breaches updated

  18. Title corrections

  19. First published.