UK License Allows Wind-Down Transactions With Sanctioned Shipping Company
The U.K.'s Office of Financial Sanctions Implementation March 28 issued a general license allowing certain wind-down transactions and insurance-related transactions with certain vessels managed by sanctioned shipping company Active Denizcilik ve Gemi Isletmeciligi Anonim Sirketi. The license also authorizes certain…
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transactions between Active Denizcilik and insurers that help the company's vessels reach their port of discharge or a safe port to discharge cargo that was onboard as of March 28. The license expires June 11.