Complex Russian Price Cap Makes Maritime Visibility a Must

The MFA encourages its members to read this recent article by Windward that considers the impact of the new Russian Oil Price Cap. We remind members the importance to complete due diligence in all trades and not to become dependent on counterparties for making checks on vessels. There is an increase in DSP (Deceptive Shipping Practices) as highlighted by Windward and a higher chance of STS activity as Russian cargo is moved around the world. Contact Windward for a free trial of their product and our legal Partners Hafnia Law Firm for specific training and education programmes in all compliance and sanction matters. “