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--- 0_public:abc:scrapping [2024/12/28 18:45] – created pointnm
+++ 0_public:abc:scrapping [2024/12/28 18:47] (current) – pointnm
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+{{tag>legal sanctions}}
 ====== Scrapping ======
-In these conditions, scrapping older tankers can make sense, shipbrokers say — but must also be done fast. Once a ship appears on the Office of Foreign Assets Control, or OFAC, blacklist, its scrap value tends to plummet. Mainstream dealers and yards shy away from taking such vessels as they could run the risk of facing secondary sanctions, according to BRS.
+==== Effect of Sanctions ====
+In these conditions, scrapping older tankers can make sense, shipbrokers say — but must also be done fast. Once a ship appears on the Office of Foreign Assets Control, or OFAC, blacklist, its scrap value tends to plummet. Mainstream dealers and yards shy away from taking such vessels as they could run the risk of facing secondary sanctions, according to BRS.((https://archive.ph/avjKP#selection-609.0-612.0))