Evergreen Line has notified customers of tightened due diligence requirements around economic sanctions compliance, with particular focus on Shipper Owned Containers (SOC).
SOC is equipment owned by shippers rather than the carrier, which sits outside a line’s direct control and therefore carries elevated sanctions risk.
The carrier reiterated that it will not do business with individuals or entities listed on any applicable sanctions blacklist, or with entities in which blocked persons hold a combined ownership stake of 50 per cent or more, together defined as a “Sanctioned Party.”
It said it will not accept SOC bookings that would expose the line to sanctions exposure, and is asking customers to verify, before delivering containers, that neither the container owners nor the prefix owners are a Sanctioned Party or an entity incorporated under the laws of Iran, North Korea or Cuba.
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Evergreen Line shared a reference list of prohibited SOC prefixes, among them HDXU, IRSU, ALXU, XBIU, SBAU, BYTU, CBKU, CGVU, NMKU, RZZU, SSFU, SSGU, FESU, FCCU, RZDU, SSEU, DLRU, BXAU, VOLU, VOTU and SLVU, while cautioning that the list is non-exhaustive and liable to change, and urging customers to check with their Evergreen sales contact for the latest version before booking.
The carrier added a caveat for cargo moving on joint-venture partner vessels: because each partner line runs its own sanctions compliance and prefix prohibition policy, SOC bookings on those services will be accepted according to the partner’s requirements rather than Evergreen’s own list, creating a layered compliance picture for customers booking across alliance networks.
For more information:
Evergreen Line – https://www.evergreen-marine.com/emc/
