No. 13



UN Adopts New Policy To Prevent Diversion Of Iraqi Oil From Original Destination

Following the diversion of a cargo of Basrah Light crude from the US to Asia, the UN decided last week on a new policy to prevent future diversions of Iraqi oil shipments from their original destinations. The new policy, announced on 20 March, mandates that the masters of vessels loading Iraqi oil must sign a letter specifying the cargos destination. Any diversion from the...