Welcome to TankerSanctions

The company was formed in July 2019 following a request from a shipowner to check if the vessels they were discharging to or loading from were free from vessel sanctions.

To satisfy said request, we built a standalone database with the aim of providing a quick and easy check for users to establish if the tankers they are using for ship-to-ship cargo or bunkering transfers are free from any sanctions. The system has since been expanded to check that there are no sanctions associated with the owners or managers of the vessels. The system can also provide details of Port State inspections and casualties, which ensures greater risk management for your organisation.

The system also provides details of the following:

• Dark Activity

• Vessels involved in STS transfers over the last 12 months including a sanctions check against them.

• Any reported casualties pertaining to the vessel

• Details and History of Port State Inspections

The backbone of the system is quality data.  Our data is sourced from two major data suppliers with multiple daily updates being received in the system.  In addition to that we provide a media monitoring service, surveilling several major maritime publication websites for details of any confirmed or alleged sanction related vessel reports.

Tanker Sanctions clients are those who seek to check the vessels they are dealing with have no sanctions associated with them which may cause their company harm. These dealings could, for example, be loading from or discharging to such vessels, or receiving bunker fuel from such vessels. To be associated with such vessels could affect their organisation’s reputation or result in penalties. Essentially, Tanker Sanctions facilitates your company’s ability to demonstrate due diligence and responsible care in your ensuing business activities.

THE RISK OF THE UNKNOWN 

Entering into a contract or business relationship with an individual without full knowledge of their business dealings, past or present, can introduce significant risk to your organization. Even an unwitting contravention of legislation such as anti-money laundering, anti-corruption and bribery, can have extreme consequences. These laws are far-reaching, and extend to subsequent acquirers of a contravening company. Corporate convictions lead to fines, disgorgements and collateral civil litigation totalling many multiples of the alleged improper payments. Authorities target senior management and push for individual fines and incarceration. Apart from the legal and financial implications, this can cause irreparable reputational and brand damage to the organisation.