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Circular (UW) 03/2014 US/EU Iran sanctions - urgent update - Six month suspension of insurance prohibitions 20/01/14 to 20/07/14

February 7, 2014Circulars
Following the US/EU announcements (and publication of relevant regulations/guidance) of a six-month suspension of current sanctions measures relating to certain trade with Iran, including sanctions targeted at insurance arrangements as reported in the club circular issued on 19 January 2014 the International Group has been continuing engagement with the relevant US and EU regulators regarding the intended operation of the suspension of insurance sanctions.

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