Because of the ever increasing sanctions against Russia we want to point out to our members and insured parties that the United Kingdom has set an obligation for insurers to collect and retain information about journeys to and from Russia. This is for the purpose of monitoring compliance with sanctions.
This means specifically that all insurers and reinsurers that work from the United Kingdom will have to retain information on journeys to and from Russia for at least 5 years. This obligation relates to our reinsurers and therefore also to the NNPC and our members and insured parties.
Because failure to comply with these sanctions can have consequences for the NNPC, the insurance of the ships concerned and the payment of any claims, we request all members and insured parties that sail to Russia to send us the following information on each journey undertaken/scheduled:
- Names of the Russian port(s) at which the ship called
- Name of the ship
- IMO number of the ship
- Type and quantity of cargo
- Start/end dates of the journey
- Name of ship’s owner
- Charterer’s name
- Name and address of the Shipper/Supplier
- Name and address of the recipient
- Name and address of the buyer (if different from that of the recipient and known)
- Copy of the bill of lading (if available)
Finally, we want to emphasise once again that trade with Russia is subject to intense restrictions and that there is no cover for trade that is in conflict with the sanctions imposed. Consequently, as already indicated in previous newsletters, it remains important for you as a member/insured party to carry out the necessary due diligence investigations yourselves. Should you have questions about this, then we will be pleased to assist you.