Guidance

Maritime Services Ban and Oil Price Cap: industry guidance

Guidance for UK financial sanctions in relation to the UK Maritime Services Ban and Oil Price Cap Exception.

• From: Office of Financial Sanctions Implementation
• Published: 21 June 2024
• Last updated: 15 January 2026
  Show all updates

  1. 15 January 2026

     Lowering date of cap updated.

  2. 18 July 2025

     Section 1.3 'Wind-down periods' amended. Disclaimer added to top of page to notify of lowering of crude Oil Price Cap.

  3. 13 February 2025

     Table 2B was amended to add the Combined Nomenclature (CN) / Harmonized System (HS) commodity code, 2710 19 44, which sits alongside 2710 19 42 under “Premium to Crude”.

  4. 29 January 2025

     Combined Nomenclature (CN) / Harmonized System (HS) commodity code for “Premium to Crude”, 2710 19 43, changed to 2710 19 42.

  5. 21 June 2024

     First published.

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UK Maritime Services Ban and Oil Price Cap Industry Guidance

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Guidance for UK financial sanctions in relation to the UK Maritime Services Ban and Oil Price Cap Exception.