Issue 2 | 20 October 2023
NorthStandard
We are a leading global marine insurer. NorthStandard #takingontomorrowtogether
Welcome to our second edition of LinkedIn New Horizons, your weekly LinkedIn newsletter from NorthStandard.
In this week's issue we share information on the latest?industry insights, a round up from our LinkedIn account, and we continue on #OurNorthStandardPeople journey.
Industry News | Venezuela – U.S. sanctions relief | 19 October
On 18 October the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued 4 General Licenses suspending selected sanctions, in response to the signing of an electoral roadmap agreement between Venezuela’s Unitary Platform and representatives of Maduro.
Industry News | Israel - Hamas War: Impact on shipping | 16 October
The situation in Israel is likely to be fast moving, and changes in the operational status of ports may occur at any time. Updates received from correspondents are published below. You are strongly advised to contact local agents for the latest advice should you have a vessel trading to Israel.
Industry News | Russia Price Cap: Enforcement action and new advisory | 13 October
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) yesterday imposed sanctions on two non-U.S. entities and vessels which they assert used U.S. service providers while carrying Russian crude oil above the agreed price cap.
Salvage & Wreck - Revisions of BIMCO Wreck Agreements
Our colleague, Sam Kendall-Marsden, Chief Claims Officer, is a panelist on the Revisions of BIMCO Wreck Agreements being held on 6 December 2023.
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IUMI webinar - Transport of Lithium-ion batteries – CINS Guidance
Mark Smith, our Loss Prevention Senior Executive Nordics and Northern Europe, spoke as an industry expert in International Union of Marine Insurance (IUMI)'s webinar: Transport of Lithium-ion batteries – CINS Guidance.
Maritime Hybrid, Electric & Hydrogen Fuel Cells Conference
Our colleague, Mark Smith spoke at Riviera Maritime Media's Maritime Hybrid, Electric & Hydrogen Fuel Cells Conference on the topic of 'Modern risk profile of hybrid and battery power systems'.
Savraj Mehta, our Chief Commercial Officer, was a panellist at Global Maritime India Summit 2023's session on Maritime Financing, Insurance & Arbitration.
Introducing our Head of Coastal & Inland, Nick Taylor
Speaking?about his role as Head of Coastal & Inland, Nick told us,?“I believe my diverse experience has prepared me well for managing NorthStandard’s small craft P&I business, growing the portfolio in line with the group’s strategic ambitions whilst continuing to provide market-leading service to our members and customers."
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