Price Cap Coalition Updates Maritime Advisory

 

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Price Cap Coalition Updates Maritime Advisory

The Price Cap Coalition, which includes G7 countries as well as the European Union, Australia, and New Zealand, has updated its advisory for both government and private sector actors involved in the global maritime industry. The advisory provides recommendations concerning specific best practices and reflects the Coalition’s ongoing commitment to promoting responsible practices in the industry, disrupting sanctioned trade, and enhancing compliance with the price cap.

The Coalition originally published its advisory on 12th October, 2023. This update provides stakeholders with new recommendations on meeting international obligations, enhancing due diligence around tanker sales, avoiding interactions with sanctioned counterparties, and raising internal awareness.

To see the advisory

click here


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