Europe’s Extended Iran Sanctions Seen Confusing LPG Shippers
Expanded European sanctions against Iran approved Oct. 15 lack clarity as to whether exporting liquefied petroleum gas from the country remains legal, according to Clarkson Plc (CKN), the largest shipbroker.
Following are comments by Clarkson on the extended measures, taken from a report published by the shipbroker Oct. 19. Twenty LPG carriers departed the Iranian port of Assaluyeh since the first European sanctions took effect July 1, according to data compiled by Bloomberg from IHS Inc., an Englewood, Colorado-based researcher.
“There has been a notable use of ambiguous wording by legislators, inspiring little confidence.
“If it is their intention to stem the flow of LPG cargoes from Iran, then this has not been made clear to those in the trade. The result is further confusion and more time wasted consulting with legal and insurance advisors.”
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