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27-10-2020 (Live Online)

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Live Online: Trade Sanctions Compliance for Maritime

27 – 30 October 2020 | 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

Register Group of 10 for SGD $12,950

Register 2 Delegates & the 3rd attends FREE!
Group rate is based on normal rate only.
For Group Registrations, email register@informa.com or call +65 6508 2401

  • Special Group Discount pricing is applicable to groups of 2 or more delegates from the same organization registering for the same event, at the same time.
  • Fee stated is the discounted price PER DELEGATE. Only one discount applies – either the early bird rate OR the Special Group Discount.
  • A 7% Goods & Services Tax (GST) is applicable to all Singapore based companies for Singapore venue.
  • View payment terms and bank transfer details, click here »

Course Directors

 K. Murali Pany
Managing Partner, JTJB LLP

view profile »

 

 

Nicola Loh
Partner, JTJB LLP

view profile »

 

 

Guest Speaker:

Jan Verloop
Trade Sanctions Independent Consultant

view profile »

Live Online Learning

Stay Home. Skill Up!

The current Covid-19 pandemic has put strains on various areas of business, especially when it comes to deriving commercial value from new initiatives. During this phase of self-isolation and working from home, we can help you meet your professional development needs and you can still take your professional development plans to the next level.

To support your learning goals we have converted our face-to-face trainings to LIVE Online Sessions. This way you can continue to attend live and interactive training sessions within the virtual classroom space where you can see and speak, with your Subject Matter Expert and other participants.

Benefits of Live Online Learning

Aimed at offering you immediate, high-quality practical information whilst minimising time and expenditure associated with travelling, our digital training platform enables you to interact in real time with course directors and remotely network with your fellow participants.

  • Classroom Experience: Progress with fellow participants as you would in an on-site class
  • Guaranteed cost-effectiveness: Travel budget saving, plus 20% price advantage for online participation
  • Controlled environment with speakers managing the Q&A and discussions and tools for enhanced interactions
  • Module-based approach to effectively manage your time and revisions
  • Earn your Digital Certification and broadcast your achievements to your peers
  • Onboarding: Available for all attendees
  • Proven and secure training platform

 

Click here to know more >

Digital Badge

Upon completion of this training course, participants will earn a digital badge.

Eligibility:
Attend and participate in the full training course duration, led by the designated training expert

Available to:
Seminar attendees

Digital Badge FAQ >

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

27 - 30 Oct 2020

1:00pm-5:00pm (SGT)
Live Online

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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