Hong Kong; Hong Kong

Unit 615, 6th Floor, LT Tower, 31, Chong Yip Street, Kwun Tong, Kowloon, Hong Kong, China

74520161, Business Registration Number; 3199991, Company Number

Prominent Shipmanagement Limited (PSML) is the commercial and technical manager of the Panama-flagged crude oil tanker Fjord Seal (IMO 9513139), which has made port calls in a Russian port where oil has consistently traded well above the $60 price cap on Russian-origin crude oil imposed by the United States and its international partners in the Price Cap Coalition (“the $60 price cap”). PSML also manages the Panama-flagged products tankers Corum (IMO 9544281) and Valour (IMO 9832559); the Panama-flagged crude oil tankers Salty Wolf (IMO 9530917), Sakarya (IMO 9524463), Sable (IMO 9524451), Cankiri (IMO 9411331), Elegance (IMO 9383950), Venture (IMO 9832547), Samsun (IMO 9436006), and Sivas (IMO 9419137); and the Panama-flagged Orient Vision (IMO 9673202) and Orient Harmony (IMO 9620633). The Fjord Seal, Corum, Sakarya, Salty Wolf, Sable, Cankiri, Elegance, Venture, and Valour are considered to be part of the shadow fleet, and the Samsun has also shipped Iranian oil. PSML is being designated pursuant to E.O. 14024 for operating or having operated in the energy sector of the Russian Federation economy and pursuant to E.O. 13662 for operating in the energy sector of the Russian Federation economy. The Fjord Seal, Corum, Salty Wolf, Sakarya, Sable, Cankiri, Elegance, Venture, Valour, Samsun, Sivas, Orient Vision, and Orient Harmony are being identified pursuant to E.O. 14024 and E.O. 13662 as property in which PSML has an interest.

https://home.treasury.gov/news/press-releases/jy2777

2025-01-10

US

Executive Order 13662 of March 20, 2014 Blocking Property of Additional Persons Contributing to the Situation in Ukraine

OFAC country specific

Russia

Trade sanctions

• https://ofac.treasury.gov/faqs/topic/1576

E.O. 13662. On March 20, 2014, the President, invoking the authority of, inter alia, IEEPA, issued E.O. 13662. In E.O. 13662, the President expanded the scope of the national emergency declared in E.O. 13660 and expanded by E.O. 13661, finding that the actions and policies of the Government of the Russian Federation, including its purported annexation of Crimea and its use of force in Ukraine, continue to undermine democratic processes and institutions in Ukraine; threaten its peace, security, stability, sovereignty, and territorial integrity; and contribute to the misappropriation of its assets, and thereby constitute an unusual and extraordinary threat to the national security and foreign policy of the United States. Section 1(a) of E.O. 13662 blocks, with certain exceptions, all property and interests in property that are in the United States, that come within the United States, or that are or come within the possession or control of any United States person, of any person determined by the Secretary of the Treasury, in consultation with the Secretary of State to, among other things, operate in such sectors of the Russian Federation economy as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State, such as financial services, energy, metals and mining, engineering, and defense and related materiel.

SSI / SDN