Pursuant to a Contract of Affreightment (the “COA”), Owners and Charterers agreed that Owners would transport bauxite from Guinea to Ukraine.

In this episode of Break It Down, ZFZ New York-based associate Jonas Patzwall gives us the full rundown on US Sanctions. Jonas walks us through how sanctions work, why and how they’re put in place, their compliance and the structure of international bodies governing their implementation. We discuss some of the most recent developments in the Venezuela and Belarus US sanctions, and a couple prime court cases exhibiting how things can get complicated when it comes to adhering to these regulations, as Jonas provides us with a detailed how-to on regular compliance from the perspective of a business engaging in international commerce. Everything you never knew about sanctions explained!

We’re delighted to welcome Richard Murray to our London office!