Updates to the Oil Price Cap Guidance On 20 December, the Office of Financial Sanctions Implementation (OFSI) published updated guidance for the Maritime Services Ban and Oil Price Cap, to provide additional clarity and detail on the following: - Attestations: Upcoming changes to the existing model will require 1) attestation forms to be provided on a per-voyage basis and 2) itemised ancillary costs to be recorded by Tier 1 entities and provided by Tier 2 and Tier 3A contractual counterparties upon request. The tier system has also been amended.
- UK Nationals: clarification on reporting requirements for UK nationals in third countries
- Reporting timelines: clarification on deadlines and requirements for record keeping and reporting activity under the general licences.
Alongside this, we have published an updated Oil Price Cap General Licence, Publication Notice, and reporting forms. General Licence - Refined Products Oil Price Cap Wind-down INT/2023/2660772 and General Licence - Oil Price Cap Wind-down INT/2022/2470256 have both been revoked. To see the guidance, general licences, publication notice, and reporting forms | 
