Iran has warned that vessels violating new Hormuz transit rules could face blacklisting alongside their flag, classification society and insurer; penalties could extend to other ships using blacklisted service providers, Nour News citing an official

Full Post: "New warning in Hormuz: Choosing a flag and insurance in Hormuz is no longer costless An informed official told Noor News: "After the announcement of new arrangements for the passage through the Strait of Hormuz, a number of insurance companies, ship owners and economic activists have sent messages to the relevant Iranian institutions announcing their readiness to comply with the regulations." In the current mechanism of traffic in the strait, the nationality of the company or the place of registration of the ship is not the main criterion, and the professional behavior of the vessel and the degree of compliance with the announced arrangements will be the criterion for review. In case of violation, in addition to the vessel, the flag, the classification institute, and the related insurance company can also be blacklisted and face sanctions and countermeasures. This restriction can also be extended to other vessels, so that the conscious use of the services of a blacklisted flag, insurer or classification institution, even for a vessel without independent infringement, may result in consequences such as not being allowed to pass through Hormuz, fines, or countermeasures. Read the full text at the link below "