25th May 2022

Following the recent developments of the Russian – Ukrainian situation, the UK Government published a General Trade Licence that impacts all Members insured with UK- domiciled IG Group P&I Clubs, and mandates that Clubs are to collect and maintain records of transits through Russian waters and calls to Russian ports.

This legislation is in addition to sanctions regulations and imposes a licensing requirement for lawful trade, operating in accordance with sanctions restrictions, to enable Clubs to insure and handle claims arising from such trade to and from, or transiting through, Russian waters.

All vessels owners (regardless of flag or domicile of member or ship) are therefore requested to provide to the Clubs within one month of a call to any Russian port or a transit through Russian waters the information requested together with a copy of the bill(s) of lading for the relevant voyage.

Failure by Members to provide the necessary information requested may invalidate their P&I cover or deny them claims coverage and therefore compliance is of vital importance.

The circulars issued by each Club on this matter together with the description of the necessary data to provide in this respect of each transit through Russian waters and calls to Russian ports can be found at the following links:

The Standard Club

https://www.standard-club.com/fileadmin/uploads/standardclub/Documents/Import/publications/circulars/2022-standard- club-circulars/18_May_2022__Standard_UK_circular_-_General_Trade_Licence.pdf

https://www.standard-club.com/fileadmin/uploads/standardclub/Documents/Import/publications/circulars/2022-standard- club-circulars/18_May_2022__Standard_Asia_circular_-_General_Trade_Licence.pdf

https://www.standard-club.com/fileadmin/uploads/standardclub/Documents/Import/publications/circulars/2022-standard- club-circulars/18_May_2022__Standard_Ireland_circular_-_General_Trade_Licence.pdf

Steamship Mutual

https://www.steamshipmutual.com/Downloads/Circular...

North of England

https://www.nepia.com/circulars/general-trade-licence-dated-17-march-2022-reporting-of-vessel-calls-to-russia-and- transiting-russian-territorial-waters/

West of England

https://www.westpandi.com/publications/notice-to-members/2022-2023/no-2-2022-2023-general-trade-licence-dated-17- marc/

Gard

https://www.gard.no/Content/33591104/cache=2022230...

Skuld

https://www.skuld.com/topics/legal/sanctions/russia/reporting-of-vessel-calls-to-russia-and-transiting-russian-territorial- waters/

Britannia P&I

https://britanniapandi.com/wp-content/uploads/2022/05/General-Trade-Licence-Reporting-of-vessel-calls-to-Russia-and- transiting-Russian-territorial-waters-05-2022.pdf

Shipowners

https://www.shipownersclub.com/media/2022/05/IG-Circular-General-Trade-Licence-dated-17-March-2022-%E2%80%93- Reporting-of-vessel-calls-to-Russia-and-transiting-Russian-territorial-waters.pdf

UK P&I

https://www.ukpandi.com/news-and-resources/circula...

The London P&I Club

https://www.londonpandi.com/knowledge/circulars/56...

The Swedish Club

https://www.swedishclub.com/news/circulars/p-and-i-circulars/general-trade-licence-dated-17-march-2022-reporting-of- vessel-calls-to-russia-and-transiting-russian-territorial-waters

This newsletter, and our information archive, can also be accessed at

www.plferrari.com

P.L. FERRARI & CO. S.r.l.

P.L.Ferrari – A Member of the Lockton Group of Companies

This newsletter is intended solely as an overview of the marine market and does not constitute any form of advice. It is based on sources believed to be accurate at the time of printing and we cannot be held liable for the omission of any information within the newsletter.