OIL AND OIL PRODUCTS PRICE CAP NOTICE AND ENDORSEMENT – July 20, 2023 Update

The members of the G7, the European Union and Australia (together, the “Price Cap Coalition”) have agreed to implement a prohibition on the maritime transportation of certain oil (HS code 2709 / CN code 2709 00 / HTS code 2709.00) and oil products (HS code 2710 / CN code 2710 / HTS code 2710) (together “Russian Oil Products”), originating in or consigned from Russia, from a place in Russia to a third country or from one third country to another….

To the Members It should be noted that the following amendments to Rules will be effective from the 20th February 2023. GENERAL RULES Rule 29.d

To the Members/Brokers, Although this has not happened so far with any payments intended to be made to the Association’s bank account we are aware

It should be noted that the following amendments to Rules will be effective from the 20th February 2022

Transferring crude oil and petroleum products from one tanker to another at sea has been a common practice for many years. STS transfers involving tankers of 150 gross tons or above have since 1 January 2011 been regulated by MARPOL, Annex 1, Chapter 8 (Regulations 40 to 42). Such vessels are required to carry an STS operations plan which complies with these regulations and has been approved by the flag state of the vessel.

20th July 2021 To All Members whose vessels trade in Indonesian Waters IMO CONVENTION LIMITS AFFECTING THE ASSOCIATION’S MEMBERS TRADING IN INDONESIAN WATERS There are

To the Members It should be noted that the following amendments to Rules will be effective from the 20th February 2021 GENERAL RULES Rule 33(d)

To the Association’s Members You may be aware that for foreign flagged vessels 100 GT and above entering or leaving Japanese waters and its Exclusive

To the Members 

It should be noted that the following amendments to Rules will be effective from the 20th February 2020 

December 2016, To all Members: MARITIME LABOUR CONVENTION 2006 (MLC). The MLC entered into force on 20 August 2013. To date it has been ratified by some 80 states. These states are listed in alphabetical order on the International Labour Organization (ILO) MLC database which can be accessed on the ILO website.