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        <description>AIS Theft

“For the last 10 years she&#039;s not gone west of Nepal,” he said, while the company&#039;s insurer suggested a tracking error or AIS theft.</description>
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It says these attempts were made by fabricating or falsifying certificates of origin (COs).</description>
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        <description>Flag-Hopping

Many also practice ‘flag-hopping’, the practice of changing the country flag under which the ship sails, making them extremely difficult to track via conventional shipping data monitoring.</description>
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        <description>Grey Fleet

The second is a ‘grey fleet’ – this is the entirely new subdivision of shipping created in response to the sanctions. According to Maritime Insights firm Windward AI, this fleet numbers around 900 ships smuggling Russian oil that have been registered to other countries, sometimes changing to others to obfuscate ownership. This fleet largely operates in a quasi-legal if not slippery manner, transporting oil to eager buyers including China, India and Turkey who have emerged after bans …</description>
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        <description>Pre-Pensioners

Commodity data firm Kpler’s lead crude analyst, Viktor Katona, told City A.M. Russia’s fleet is now made up of the “pre-pensioners” – referring to ships that are most likely over 15 years old.</description>
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        <description>Price Cap

In early September 2022, G7 leaders confirmed their intention to impose another measure designed to punish the Kremlin without causing a major shock to the fragile global economy. Under the new proposal, the EU would embargo imports of Russian oil, but western companies could continue to support the export of Russian oil to other parts of the world, if it was sold at a discount to market prices.</description>
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        <description>Shadow Fleet

Vortexa suggests that non-sanctioned shadow vessels could continue carrying Russian oil to China, as the shorter distance means the number of tankers required is relatively small. 

There are estimates that the Russian shadow fleet ships a little more than 80% of Russian seaborne</description>
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        <description>Shared Fields</description>
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        <description>SHIP

In early November, the US House of Representatives overwhelmingly backed the Stop Harboring Iranian Petroleum (Ship) bill, which targets foreign ports, refineries and vessels handling Iranian oil. 

If passed into law, the Ship bill would impose sanctions on foreign ports that knowingly accept shipments of Iranian petroleum products, and on refineries that knowingly process petroleum originating from Iran.</description>
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        <description>Spoofing

With location spoofing often at play in the case of shadow tanker activity, it is almost impossible to verify whether transactions have actually occurred.</description>
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