Russian Oil Services ban
Guidance, General Licences and reporting forms in relation to the Maritime Services Ban and Oil Price Cap Exception.
Documents
Details
Russian Oil Services Ban – HMT Guidance
Guidance for the UK ban on the provision of maritime transportation of, and associated services for the maritime transportation of, certain Russian oil and oil products.
HM Treasury Publication Notices, for INT/2024/4423849, INT/2023/3074680, INT/2022/2470156 and INT/2022/2470056
Publication notice for the General Licences which implement the Oil Price Cap and associated policies.
Updated Price Cap Coalition Advisory for the Maritime Oil Industry and Related Sectors
Oil Price Cap Coalition updated advisory with recommendations to promote responsible practices in the global maritime industry to prevent and disrupt sanctions evasion.
General Licences and Reporting Forms
GENERAL LICENCE – Oil Price Cap INT/2024/4423849
The new ‘Oil Price Cap’ General Licence (INT/2024/4423849)
Tier 1 reporting activity under Oil Price Cap General Licence INT/2022/2469656 or INT/2024/4423849
Form for Tier 1 Providers to report their activity under Oil Price Cap General Licence INT/2022/2469656 or INT/2024/4423849.
Tier 2/3 notification of dealing with a non-UK Tier 1 under INT/2022/2469656 or INT/2024/4423849
Form for use by Tier 2 or Tier 3A or 3B Providers acting under the authority of Oil Price Cap General Licence INT/2022/2469656 or INT/2024/4423849, for the purpose of notifying OFSI that they are dealing directly with a non-UK Tier 1 Provider.
Tier 2/3 notification that Tier 1 Provider has not confirmed compliance with reporting requirements under INT/2022/2469656
Form for use by Tier 2 and Tier 3 Providers to report to OFSI instances where a UK Tier 1 Provider, with whom they are directly transacting, has failed to confirm compliance with the requirement to notify OFSI of activity undertaken permitted under General Licence INT/2022/2469656.
GENERAL LICENCE – Correspondent banking and payment processing INT/2022/2470056
Detail on the financial services scope of the maritime services ban.
GENERAL LICENCE – Trading in Derivatives and Futures INT/2023/30742680
A General Licence regarding the exemption of Derivatives and Futures Trading from the scope of Oil Price Cap Exception and Maritime Services Ban.
GENERAL LICENCE – Oil Price Cap: Exempt Projects and Countries INT/2022/2470156
A General Licence regarding the Sakhalin Island and other exempt projects.
Additional Forms (Breaches, Notifications, Applications)
Sample Attestation Form
Attestation form as agreed by G7 for reference
Specific Licence Application form
This application form is for those applying for a specific OPC licence under the extraordinary situation licensing ground.
Notification for use of the exception when dealing with an emergency
Notification form for those reporting use of the exception when dealing with an emergency.
Breach reporting form
A form to report suspected breaches and compliance issues related to implementation of the UK’s ban on the maritime transportation of Russian oil and oil products and associated services and the oil price cap
Updates to this page
Last updated 22 October 2024 + show all updates
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Updated Price Cap Coalition Advisory for the Maritime Oil Industry and Related Sectors added 'Details' section updated
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OFSI has updated the Oil Price Cap Exempt Projects and Countries GL – INT/2022/2470156 and updated the associated publication notice.
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OFSI has upgraded the UK Maritime Services Ban and Oil Price Cap Industry Guidance into its new digital guidance format.
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OFSI has updated the Oil Price Cap General Licence – INT/2024/4423859 and updated the associated publication notice. This excludes the supply or delivery of Russian oil by, or provision of relevant services to, “specified ships”. OFSI has updated the Oil Price Cap Guidance in relation to ship specification in Section 4.1 and 4.2 and in relation to extraordinary situations in Section 4.4.
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The deadline for providing additional attestations or itemised ancillary costs has been increased from 28 days to 30 days.
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GENERAL LICENCE – Oil Price Cap INT/2024/4423849 The new ‘Oil Price Cap’ General Licence (INT/2024/4423849) Updates to OFSI’s guidance in relation to the attestation model, with per-voyage attestations and itemised ancillary costs. The deadline for providing additional attestations or itemised ancillary costs has been reduced from 30 days to 28 days. The requirement to cease doing business with actors who refuse or fail to provide information has been clarified as being contract-specific and only applying to policies relating to the seaborne transportation of Russian oil and oil products.
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GL updated with expiration date
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Price Cap Coalition Oil Price Cap (OPC) Compliance and Enforcement Alert added
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Updates to OFSI’s guidance in relation to the attestation model, with per-voyage attestations and itemised ancillary costs. Clarification on reporting requirements for UK nationals in third countries. Clarification on reporting timelines. Amendments to the tier system, with separation of Tier 3 into Tier 3A and 3B.
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Update to General Licence INT/2022/2470156 to extend the expiration date of the Schedule 1 Exempt Projects, Sakhalin-2 Project, to 28 June 2024. Update to the Publication Notices document, reflecting the above change.
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Updated compliance forms, and instructions for using them.
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Updates to OFSI's guidance in relation to derivatives & futures trading, winddown periods and 'as soon as practicable' meaning. Publication of a derivatives and futures trading general licence.
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Uploaded an updated version (April 2023) of the Guidance.
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Slight change to numbering in overall guidance.
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March 2023 update to the overall guidance.
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Aligned form descriptions and order with updated uploaded documents
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Added reporting forms and updated titles.
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Russian Oil Services Ban - HMT Industry Guidance updated
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GENERAL LICENCE – Products Oil Price Cap Wind-down INT/2023/2660772 added and HM Treasury Publication Notices 03-02-23, for INT/2022/2469656, INT/2022/2470256, INT/2022/2470056, INT/2022/2470156 and INT/2023/2660772
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HM Treasury Publication Notices 05-1-23 for INT/2022/2469656, INT/2022/2470256, INT/2022/2470056 and INT/2022/2470156 added General licence, Oil Price Cap: Exempt Projects and Countries INT/2022/2470156 updated
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HM Treasury Publication Notices for INT/2022/2469656, INT/2022/2470256, INT/2022/2470056 and INT/2022/2470156 added Russian Oil Services Ban - HMT Industry Guidance updated Reporting forms for General Licence INT/2022/2469656, INT/2022/2470256 and breaches updated
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Title corrections
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First published.