How Long Does a Shadow Fleet Vessel's Shadow Linger?

International Trade attorney Manny Levitt joined maritime industry and compliance professionals on an episode of the Lloyd's List Podcast examining whether vessels can return to mainstream trade after operating in the shadow fleet and how long their past conduct can create sanctions risks. The discussion explores the limited guidance available to companies and vessel owners seeking to demonstrate compliance, as well as the potential value of transparency with the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC). The speakers address how a company's size, resources, location and connections to U.S. jurisdiction can shape sanctions due diligence. They also highlight the challenges of evaluating vessels with a history of shadow fleet activity and navigating differing sanctions regimes, particularly when past conduct or connections to sanctioned entities can create continued exposure.

Duration: 26:42