Sanctions Policy of the Vanuatu International Shipping Registry (VISR)
Sanctions Policy of the Vanuatu International Shipping Registry (VISR)
The Vanuatu International Shipping Registry ("VISR") is committed to upholding the highest standards of compliance with applicable international laws and regulations. This policy delineates VISR's strict adherence to the sanctions imposed by the United Nations and the United States Department of the Treasury’s Office of Foreign Assets Control ("OFAC").
1. Compliance with Sanctions
VISR shall fully comply with the sanctions administered and enforced by the United Nations and OFAC. This commitment to compliance is fundamental to the operational integrity of VISR.
2. Compliance with EU Sanctions
In addition to the obligations imposed by the United Nations and OFAC sanctions, VISR acknowledges the significance of complying with applicable sanctions imposed by the European Union ("EU"). While the primary focus remains on UN and OFAC sanctions, VISR shall assess EU sanctions on a case-by-case basis, particularly where such sanctions may impact its operations, vessel registration, or any associated parties. This approach is intended to ensure ongoing compliance with international law and the preservation of VISR's integrity.
Update August 2025 - Temporary measures
Pending the negotiation and execution of a formal Memorandum of Understanding (MoU) between the Republic of Vanuatu and the European Union on the blanket implementation of EU sanctions, the Maritime Administrator has issued an internal directive to reinforce compliance with EU restrictive measures. Effective 18 August 2025, VISR is instructed to identify and delete from the Vanuatu Register any vessel found to be listed on the EU sanctions list, within a maximum period of ninety (90) days. This measure is intended to ensure proactive compliance and to safeguard the integrity of the Registry while maintaining Vanuatu’s sovereign right to determine its sanctions policy in consultation with its international partners.
3. Compliance with UK Sanctions
Moreover, VISR recognizes the necessity of considering sanctions imposed by the United Kingdom ("UK") on a case-by-case basis. While there is no blanket enforcement of UK sanctions, VISR will evaluate the implications of such sanctions in relation to its operations, vessel registration, and associated entities, thereby ensuring adherence to applicable legal obligations.
4. Registration Prohibition
In furtherance of its compliance obligations, VISR strictly prohibits the registration of any vessel that is listed on the OFAC sanctions list. Applications for the registration of vessels or associated entities that are subject to OFAC sanctions shall not be accepted under any circumstances.
5. Obligations of Shipowners and Operators
All shipowners, operators, and managers are hereby reminded of their legal obligation to ensure that neither their vessels nor any related parties are subject to OFAC sanctions at the time of application and throughout the entire duration of registration under the Vanuatu flag.
6. Consequences of Non-Compliance
Any attempt to register a vessel in contravention of this policy shall result in the immediate rejection of the application. Furthermore, such actions may result in additional administrative measures as deemed necessary by VISR.
7. Zero-Tolerance Policy Regarding Sanctions Related to Iran
VISR maintains a zero-tolerance policy concerning sanctions related to Iran. Any vessel determined to be in violation of sanctions pertaining to Iran shall be immediately removed from the registry and permanently barred from future registration. This prohibition extends to all vessels, owners, operators, and associated entities. This policy shall be subject to periodic review to ensure continued compliance and efficacy.
VISR appreciates the cooperation of all stakeholders in adhering to this sanctions policy, which is essential for maintaining the integrity and reputation of the Vanuatu International Shipping Registry.
For inquiries or further clarification regarding this sanctions policy, please contact VISR at sanctions@register-vu.com.
This sanctions policy is subject to ongoing review and may be amended at any time to reflect changes in applicable laws and regulations. Stakeholders are encouraged to visit this page regularly to remain informed of the latest revisions.
