ATLANTIC PETROLEUM COMPANY

We are the leading private distributors of oil products world wide we handle the following products;

·         AVIATION KEROSENE COLONIAL GRADE 54 JET FUEL RUSSIAN ORIGIN

·         JET-A1

·         D6

·         DIESEL GAS D2 OIL GOST 305-82

·         DIESEL GAS OIL ULTRA-LOW SULPHUR DIESEL 50PPM

·         MAZUT 100 GOST–1058575 RUSSIAN ORIGIN

·         MAZUT 100 GOST–10585-99 RUSSIAN ORIGIN

·         IFO380 (MARINE OIL) EN590 GOST 52368-2005

·         HSD2 GAS OIL L-0.2-62 GOST 305-82 AGO (AUTOMOTIVE GAS OIL)

·         CST-180 FUEL OIL (BUNKER FUEL)

·         BITUMEN GRADES: 40/50, 60/70 AND 80/100

·         C4 RAFFINATE

·         RUSSIA EXPORT BLEND CRUDE GOST 9965-76

·         LIQUEFIED NATURAL GAS RUSSIAN ORIGIN

·         LIQUEFIED PETROLEUM GAS 50% PROPANE AND 50% BUTANE MIX RUSSIAN                ORIGIN

·         UREA 46% PRILLED & GRANULAR (RUSSIAN ORIGIN)

·         ESPO BLEND CRUDE OIL/LIGHT CYCLE OIL

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If you are looking for a company that can provide what you need and you can follow the procedures we can provide the fuel.

Sanction List; Right now as you know there are many Russian refineries, banks, and individuals that have been placed on these Sanction List, however Russia in not the only country on the lists which we have to identify to make a clean sale under the laws of the USA, Europe, Owned Territories, and Allies so a Buyer Has to be patient while we are checking these lists because there are a number of them not only prepared by the US but Europe, Canada and others.

Consequences for breaking OFAC Sanctions.

The Office of Foreign Assets Control (OFAC)  is responsible for creating, implementing and enforcing the United States’ sanctions. All parties under US jurisdiction must abide by OFAC sanctions and associated regulations. Exemptions to sanction orders can be granted by OFAC, but only under certain circumstances. If you or your company wishes to obtain an exemption license,, you must contact the Treasury Department. For certain exemption licenses, you can also apply online.

OFAC considers non-compliance with sanctions to be a serious threat to national security and foreign relations. Consequently, those who breach OFAC sanctions without obtaining the proper license can face severe legal repercussions. Fines range up to $20 million, depending the offence, and prison sentences can be as long as 30 years.

If, in violating a sanction, a party also violates the Trading with the Enemy Act, it may be penalised with $65,000 fine per violation. For violations of the International Emergency Economic Powers Act, the fine increases to $250,000 per violation. Similarly, breaking provisions of the Foreign Narcotics Kingpin Designation Act can result in fines of up to $1,075,000 per violation.

Naturally, these numbers vary considerably depending on the specific crime committed and the number of times it occurred. The specifics of these sanctions also change very frequently, so it is crucial to stay up to date; this will allow you to ensure both that you are compliant and that you don’t unnecessarily limit your business activity by adhering to sanctions that have been revoked.

Given the steep penalties in place, it is understandable that many companies and individuals concerned about violating a sanction policy inadvertently. Although there is no official amnesty program in place within OFAC, institutions are nevertheless strongly encouraged by the Treasury Department to report any previous unlawful transactions. OFAC also encourage companies to contact them if there is any doubt as to whether or not a policy violates OFAC’s current regulations. Reports of past violations should take the form of a transparent and detailed letter and include copies of all relevant paperwork. Of course, because there is no official amnesty program, passing on notice of violations to OFAC does not guarantee any kind of leniency, but it can lessen the chance of prosecution or reduce the severity of legal and financial penalties. Honest mistakes happen, and OFAC does recognize this when investigating cases.

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