New European Union Measures against Iran -European Council Decision 2012/35 dated 23 January 2012- Impact on the Club Cover

26 February 2012 No.11-025
Members are referred to the previous circular No.11-022 dated 9 February, 2012.

While the Club has already advised Members of the impact on P&I cover by the EU Decision in the FAQs, which was issued by the Club on 9 February, 2012 in the form of the special circular, we hereby provide our advice as attached on the Club's position in relation to the EU Decision for Members's better understanding.

Members are strongly recommended to fully understand the contents of the attachment and to carefully consider operation of shipment/voyage which may be subject to sanctions.