Guidance

Updated Price Cap Coalition advisory for the maritime oil industry

An updated advisory issued by the Price Cap Coalition (G7 countries, EU, Australia and New Zealand) to enhance compliance with the price cap.

• From: Office of Financial Sanctions Implementation
• Published: 21 October 2024

Documents

Updated Price Cap Coalition Advisory for the Maritime Oil Industry and Related Sectors

https://ofac.treasury.gov/media/933506/download?inline

Details

Updated advisory published for the coalition by the Office of Foreign Assets Control (OFAC). Contains recommendations on meeting international obligations, enhancing due diligence around tanker sales, avoiding interactions with sanctioned counterparties, and raising internal awareness.

See the original advisory, published October 12 2023.

See also:

• Price Cap Coalition Oil Price Cap (OPC) Compliance and Enforcement Alert (Published 1 February 2024)

Published 21 October 2024