OFAC Sanctions UAE-Based Shipowner, Ships Moving Iranian Oil
The Office of Foreign Assets Control this week sanctioned United Arab Emirates-based Indian national Jugwinder Singh Brar for owning multiple shipping companies that operate a fleet of vessels helping Iran move sanctioned goods. OFAC designated his UAE-based companies Prime Tankers LLC and Glory International FZ-LLC, along with India-based companies Global Tankers Private Limited and B and P Solutions Private Limited, and more than 30 vessels with ties to the companies or Brar.
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
OFAC said some of the vessels are part of the "shadow fleet" used by Iran to move Iranian oil. The ships have carried out "high-risk" ship-to-ship transfers of Iranian petroleum in waters near Iraq, Iran, the UAE and the Gulf of Oman, the agency said. "These cargoes then reach other facilitators who blend the oil or fuel with products from other countries and falsify shipping documents to conceal links to Iran, allowing these cargoes to reach the international market."
The sanctions target vessels carrying the flags of Barbados, Palau, Panama, Antigua and Barbuda, the Cook Islands and Gambia.