Risk
Every element of the bunker supply chain carries significant Risk. The MFA provides essential resources and support across areas of Credit, Compliance, Sanctions and Environmental. We update regularly about new legislation and regulation continually reviewing global news sources to ensure we help to inform on all Risk policies for members.
Latest Risk news and resources
Summary of OFSI Advisory on Certificates of Origin (21st Nov 2024)
Thanks to MFA Member Element Alpha and their colleague Crispina Miranda for providing a detailed summary highlighting the OFSI guidance on COOs. For bunkering, this means that when purchasing bunker fuels in bulk, buyers must ensure they are collecting COOs issued by...
Russia’s ‘shadow fleet’: Bringing the threat to light
Please find attached an excellent and important piece published by the European Parliament Research Service. The Briefing focusses on Energy Sanctions and the Oil Price Cap; Russia's Shadow Fleet and how to counter it as well the position taken by the European...
Latest EU Council Regulation – banned vessels
New EU sanctions specifically prohibit the bunkering 27 vessels. Going forward, the list of vessels shall include vessels that: Supported Russia’s defence & security sector. Transported crude oil & oil products from Russia while practising high-risk shipping...
The MFA Podcast Ep. 7 Debt Recovery
In this Podcast, the MFA discusses debt recovery and US Jurisdiction in T&Cs with Steve Simms (Simms Showers) & Anthony Desbrousses (Marine Recoveries). https://open.spotify.com/episode/1qB9nFPD6lrQQR3aVnWiM5
Trade Credit insurance faq sheet
https://marinefuelsalliance.com/wp-content/uploads/2024/08/Xenia-Credit-Insurance-FAQ.pdf
Sanctions Case Study
Argentine state-owned importer of LNG, Enarsa, has called off the unloading of an LNG cargo of Russian produce. The cargo was loaded at the Yamal terminal in Siberia and transshipped to the vessel Flex Artemis in France destined for discharge close to Buenos Aires....
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