US sanctions Maharashtra ship manager over Iranian oil shipments
Shipping compliance teams must block dealings with RN Ship Management
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US sanctioned Maharashtra-based RN Ship Management and related directors for alleged involvement in transporting sanctioned Iranian oil.
Why it matters
The action targets shipping networks used to move Iranian crude and expands OFAC pressure on vessels and operators linked to Iran's oil trade.
Implications
- — Shipping compliance teams must block dealings with RN Ship Management immediately — failures risk sanctions exposure
- — Banks and insurers must screen vessels and directors linked to the company — missed matches risk prohibited facilitation
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