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06-07-2021 (Live Online Training)

P21GT51SGV Live Online Training: Trade Sanctions Compliance for Maritime
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Live Online Training: Trade Sanctions Compliance for Maritime

6 – 9 July 2021 | 1:30pm-5:00pm (SGT) | Live Online

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REGISTER 2 DELEGATES & THE 3RD COMES FREE!

overview

Global Trade Controls, Transaction Monitoring & Sanctions Compliance

About The Course

Complying with sanctions regulations in maritime & shipping involves a multifaceted approach to risk assessment. Many types of commodities present different levels of risk; and the complex supply chain – often involving regulators, agencies, JV partners, brokers, financial institutions, insurers and other players – multiplies the challenge in maintaining a sanctions compliant programme.

Updated with recent case studies and practical exercises, this 2-day seminar allows you to stay on top of critical red-flags and high-risk sectors in shipping, latest economic sanctions, particular considerations in documentation management, record-keeping, contracts of affreightment, and best practice in due diligence.

 

Key Learning Outcomes & Case Studies Include

  • Updates on global, regional, multi-lateral and unilateral sanctions
  • Case studies of sanctions breaches: insurers, banks, bunker supply, shipping, shippers
  • Sanctions clauses for charter parties, bills of lading and cargo insurance policy
  • Sanctions statistics and key preventive measures
  • Vessel/Cargo Sanctions Screening & Due Diligence Process
  • Mitigating sanctions risks and developing sanctions-compliance programme

pricing

Packages Price
Live Online LearningSGD $2876

Great Savings:
Register 2 and third attends free. Call us today on +65 6973 3567 or email sgtraining@informa.com to take advantage of the discount offer.

Course Directors

 K. Murali Pany
Managing Partner, JTJB LLP

view profile »

 

Jan Verloop
Trade Sanctions Independent Consultant

view profile »

Live Online Training

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Catering to meet all your learning needs:

  • Get high quality practical training from our expert instructors
  • From Face To Face, Online and Blended Learning, get a superior solution for your learning needs
  • Learn live online in an interactive environment
  • Invest in yourself. Invest in your team.

Register today for our Live Online Training courses and find out how they can help you transform the way you work. Contact one of our training consultants on sgtraining@informa.com to find out more.

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Agenda

MODULE 1

CURRENT OVERVIEW OF TRADE CONTROLS AND SANCTIONS FOR THE MARITIME INDUSTRY

 

What are sanctions

  • Difference with trade controls and customs

 

The different types of sanctions

  • Multi-lateral and uni-lateral
  • Economic sanctions
  • Main regulators

 

Global and secondary sanctions

  • UN, EU, ASEAN, US, etc
  • JCPOA
  • Updates

 

MODULE 2

RED FLAGS, RISK INDICATORS AND BREACH

 

Red-flags, risk indicators and evasion of sanctions

  • Automated identification systems (AIS)
  • Sale, supply, transfer
  • Transshipment Diversion (e.g. concern with repair & maintenance)
  • Oil, gas STS transfers
  • Falsifying documents
  • Substantial transformation
  • Mixing of cargo/commingling

 

Breach – Consequences and case studies in Shipping

  • Insurers
  • Banks
  • Bunker supply
  • Shippers

 

MODULE 3

IMPLICATIONS AND INVASION AVOIDANCE FOR THE SHIPPING INDUSTRY

Particular considerations

  • Due diligence
  • Transacting with Chinese Shipowners
  • Arresting an Iranian vessel in Singapore
  • Documents management (BOLs, COO, invoices, proof of insurance, ports of call, etc)

 

Compliance and Risk Management Clauses in Bills of Lading/Charterparties

  • Voyage charter party sanctions clause
  • BIMCO sanctions clauses for time charter parties
  • BIMCO Designated Entities Clause for Time Charters

 Group Exercise: Getting your Bill of Lading T&C right to manage sanctions and trade controls

Sanctions from P&I clubs’ perspective:

  • Sanctions clauses in a marine cargo insurance policy
    • Sanctions limitation and exclusion clause
    • AIS manipulation clauses
  • Statistics and key preventive measures

 

MODULE 4

SANCTIONS SCREENING & DUE DILIGENCE – BEST PRACTICES

The importance of screening and the due diligence process

  • Restricted party screening
  • Vessel/Cargo Sanctions Screening & Due Diligence Process
    • Vessel sanctions screening
    • Flag, name, IMO number, parties associated
    • Vessel movement history
    • Ownership of vessels
    • Petroleum supply
    • Payment screening
  • Vessel identifications & sanctions screening process –
  • best practices
    • Vessel identification & sanctions screening, ownership screening
    • Vessel tracking (voyage, port calls)
    • Petroleum supply, STS transfers
  • Know your customer
    • Corporate details
    • High-risk countries & industry assessments
    • Dual-use goods screening: regulatory guidance

 

Managing sanction risks – developing a sanctions compliance programme

  • Risk-based vs rule-based process
  • Regular/routine vs Significant events
  • Resources, Expertise and Experience
  • Training, record keeping, reporting and reviewing
  • Third party management
  • Automated sanctions screening solutions
    • Data extraction & analyses with OCR, NLP, RPA, AI

when & where

06 - 09 Jul 2021

Live Online Training

On-site & in-house training

Deliver this course how you want, where you want, when you want – and save up to 40%! 8+ employees seeking training on the same topic?

Talk to us about an on-site/in-house & customised solution.

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