Blog

The cost of calling at a port needs to be as accurate as possible for the chartering team to calculate voyage expenses.

How much costs can change depends on different variables which, if carefully assessed, support the risk analysis in taking cargo or not.

Sanctions in the maritime industry are being imposed faster than ever before, and the high-pressured regulatory landscape means not only has your liability changed, but the anti-bribery and anti-money laundering compliance landscape is becoming increasingly complex.

Operations Directors should ensure that continuous monitoring programs are in place to keep up to date on the latest sanctions and other regulations.

The maritime industry faces some tough anti-financial crime compliance challenges, including the need to keep up-to-date with potentially thousands of agents around the world, having multiple voyage-associated parties across various jurisdictions and facing the opaque ownership of ships and assets.

We’ve set out some generally accepted guidelines which can assist with managing compliance.