Vessel name under import L/C documents hits the OFAC's SDN l

[PhanThanhNhan]

Dear all

I would like to seek for your opinions and experiences about the following situation:

We received documents under our import L/C (sight L/C) , under which B/L showed a vessel name that hit the OFAC's SDN list. When studying the reason for being sanctioned of the ship, we found that this vessel name related to Iranian Tanker Company. However, we wonder if the vessel shown on the B/L is exactly the vessel sanctioned by OFAC. You know, many vessels may have the same name, so we have to find the IMO number of the vessel to decide if it is sanctioned. Have you ever evidenced the same situation and what did you do to solve this problem?
- How do you check the IMO number of a vessel?
- While investigating the information, what should we do with the negotiating bank, as the L/C is at sight so we do not have much time for investigating the transaction.
- In case the IMO number of the vessel is not included in the sanctioned list, will you effect payment?
- In case the IMO number of the vessel is really included in the sanctioned list, can the issuing bank stop payment without any responsibility?

I look forward to receiving your kind support as soon as possible. Thank you very much for your attention.

Best regards
Trang

[PhanThanhNhan]

Anyone can give me your opinion on this issue?

Thank you.