by Jyotsna Bucktowar | Feb 13, 2025
This price cap exception permits the supply or delivery of Russian oil and oil products by ship, as well as provision of associated services, only where they have been purchased or sold at or below a corresponding set price, or ‘cap’ for that oil or oil product,...
by Jyotsna Bucktowar | Jun 20, 2024
The Permitted payments include: any payment a person is required to make to the FCA (except for fees for applications for listings or authorisation (or variations of authorisations) from the FCA relating to activities falling within the function of the FCA); payments...
by Jyotsna Bucktowar | Apr 2, 2024
OFSI issued General Licence INT/2024/4576632 authorising certain activities relating to two Turkish shipping companies, “Active Denizcilik” and “Beks Ships”, which are each UK asset freeze targets…
by Jyotsna Bucktowar | Nov 30, 2023
The new general license allows “relevant persons” to perform “relevant activities” if such persons believe that the activities are necessary to provide humanitarian assistance and support basic human needs, and have no reason to suspect otherwise…
by Jyotsna Bucktowar | Nov 17, 2023
OFSI amended General License INT/2022/1839676 related to Russian travel in order to clarify that the license permits UK persons to purchase tickets from Designated Persons (“DPs”) or any Subsidiary for passenger rail and passenger air journeys that originate in, or...
Recent Comments