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Subsea Industry Urged To Take Stock Of New Export And Trade Controls

Subsea Industry Urged To Take Stock Of New Export And Trade Controls

 

Advice on how subsea companies can navigate export and trade controls, including changes in place following Brexit, will be the focus of a webinar organised by Subsea UK and the Department for International Trade (DIT) this month (Wednesday, April 28).  

Since the United Kingdom left the European Union on December 31, 2020, licensing requirements for the export of certain items from Great Britain (GB) to the EU has changed. A licence is now required to export all dual use controlled items, including certain underwater equipment, which in turn impacts subsea, oil and gas and renewables firms in GB looking to supply controlled products to clients in the EU.

Submersible vessels, telecommunications equipment, radio communications equipment and marine navigation radars - all considered to be ‘dual use’ due to their potential defence capabilities – now require the Open General Export Licence "dual use items to EU Member States” if exported to countries within the EU.

Hosted by Subsea UK in conjunction with the UK Export Control Joint Unit, the online event will provide government guidance on the export and trade controls affecting the industry, the licenses available to the sector and the application process. 

Guest speaker Claire Harrison from Export Control Joint Unit (ECJU) will also advise delegates on due diligence required when trading in global sanctioned destinations. 

Neil Gordon, chief executive of Subsea UK said: “We have worked with DIT for many years to provide our members with the most up to date and reliable information to ensure their compliance with export and trade controls. 

“With recent changes on exports to EU countries and a growing global demand for subsea infrastructure for renewables projects, including the emerging floating offshore wind market, it’s now more important than ever that industry is aware of regulations. This timely webinar will therefore be of huge value and interest to the industry.”

Claire Harrison, head of business awareness at ECJU said: “The subsea sector is highly reliant on dual use submersible technology and equipment so it’s vital the industry keeps abreast of licensing updates and best practice in exporting these goods. 

“Research and knowing the end user is absolutely key for subsea companies who are exporting controlled goods and even data, like accompanying blueprints or manuals for dual use equipment, and the DIT is here to support subsea companies with advice and guidance to ensure transactions are as smooth as possible.” 

The webinar, which takes place on Wednesday, April 28, from 15:30 - 17:00, is free to attend. For information on how to register, visit www.subseauk.com.

Read the latest issue of the OGV Energy magazine HERE.

Published: 22-04-2021

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