LONDON – Greece-based Empire Navigation is investigating whether or not Iranian oil was transferred onto one of many vessels it manages, the corporate stated in an announcement, after a U.S. advocacy group first made such allegation final week.
High oil transport firms say they're grappling with a rising danger of dealing with oil shipments originating from nations which were focused by U.S. sanctions akin to Iran and Venezuela.
A breach of U.S. sanctions may result in an organization dropping entry to the greenback monetary system, having property seized, and insurance coverage cowl for ships canceled, U.S. and insurance coverage trade officers say.
Empire Navigation stated it was “conscious of the allegation of non-compliance concerning our managed vessel, Suez Rajan, associated to a ship-to-ship switch of Iranian oil”.
“We take these allegations very critically and can work with the authorities to analyze this matter,” it stated in an announcement despatched on Sunday.
UK-based maritime firm Fleetscape, which is backed by U.S. funding agency Oaktree Capital Administration, earlier stated it was wanting into the attainable switch of Iranian oil onto the Suez Rajan, which it funds, after United In opposition to Nuclear Iran (UANI) first contacted Oaktree.
Fleetscape added it had “no function within the operation of Empire’s fleet”.
U.S. officers haven't commented to date.
UANI stated in a Feb. 15 letter seen by Reuters it believed Iranian oil was transferred to the Suez Rajan from a vessel known as the Virgo on Feb. 13. The group stated the Virgo was suspected of selecting up oil from Iran’s Kharg Island terminal on Jan. 22.
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