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Details
Russian Oil Services Ban – HMT Guidance
Guidance for the UK ban on the provision of maritime transportation of, and associated services for the maritime transportation of, certain Russian oil and oil products.
HM Treasury Publication Notices, for INT/2024/4423849, INT/2023/3074680, INT/2022/2470156 and INT/2022/2470056
Publication notice for the General Licences which implement the Oil Price Cap and associated policies.
Updated Price Cap Coalition Advisory for the Maritime Oil Industry and Related Sectors
Oil Price Cap Coalition updated advisory with recommendations to promote responsible practices in the global maritime industry to prevent and disrupt sanctions evasion.
General Licences and Reporting Forms
GENERAL LICENCE – Oil Price Cap INT/2024/4423849
The new ‘Oil Price Cap’ General Licence (INT/2024/4423849)
Tier 1 reporting activity under Oil Price Cap General Licence INT/2022/2469656 or INT/2024/4423849
Form for Tier 1 Providers to report their activity under Oil Price Cap General Licence INT/2022/2469656 or INT/2024/4423849.
Tier 2/3 notification of dealing with a non-UK Tier 1 under INT/2022/2469656 or INT/2024/4423849
Form for use by Tier 2 or Tier 3A or 3B Providers acting under the authority of Oil Price Cap General Licence INT/2022/2469656 or INT/2024/4423849, for the purpose of notifying OFSI that they are dealing directly with a non-UK Tier 1 Provider.
Tier 2/3 notification that Tier 1 Provider has not confirmed compliance with reporting requirements under INT/2022/2469656 or INT/2024/4423849
Form for use by Tier 2 and Tier 3 Providers to report to OFSI instances where a UK Tier 1 Provider, with whom they are directly transacting, has failed to confirm compliance with the requirement to notify OFSI of activity undertaken permitted under General Licence INT/2022/2469656 or or INT/2024/4423849.
GENERAL LICENCE – Correspondent banking and payment processing INT/2022/2470056
Detail on the financial services scope of the maritime services ban.
GENERAL LICENCE – Trading in Derivatives and Futures INT/2023/30742680
A General Licence regarding the exemption of Derivatives and Futures Trading from the scope of Oil Price Cap Exception and Maritime Services Ban.
GENERAL LICENCE – Oil Price Cap: Exempt Projects and Countries INT/2022/2470156
A General Licence regarding the Sakhalin Island and other exempt projects.
Additional Forms (Breaches, Notifications, Applications)
Sample Attestation Form
Attestation form as agreed by G7 for reference
Specific Licence Application form
This application form is for those applying for a specific OPC licence under the extraordinary situation licensing ground.
Notification for use of the exception when dealing with an emergency
Notification form for those reporting use of the exception when dealing with an emergency.
Oil Price Cap (OPC) Breach suspected breach reporting online form
An online form to report suspected breaches and compliance issues related to implementation of the UK’s ban on the maritime transportation of Russian oil and oil products and associated services and the oil price cap. We recommend reviewing the downloadable version of the online form and gathering the necessary information and documents before you begin your report.
Oil Price Cap (OPC) Advisory: Evasion Linked to Product Origin Manipulation Through Fabricated and Falsified Certificates of Origin (CO)
OFSI advisory detailing evasion linked to instances where shipments of Russian origin oil and oil products have been manipulated to appear as non-Russian through the use of fabricated or falsified certificates of origin (CO).
Tier 2/3 notification that Tier 1 Provider has not confirmed compliance with reporting requirements under INT/2022/2469656 form updated.
18 July 2025
General Licence INT/2024/4423849 amended.
17 July 2025
Online form link added.
27 June 2025
OFSI General Licence INT/2022/2470156 amended
13 February 2025
On 13 February 2025, General Licence INT/2024/4423849 was amended to add the Combined Nomenclature (CN) / Harmonized System (HS) commodity code, 2710 19 44, which sits alongside 2710 19 42 under “Premium to Crude”.
29 January 2025
OFSI General licence Oil Price Cap INT/2024/4423849 amended to update the Combined Nomenclature (CN) / Harmonized System (HS) commodity code for “Premium to Crude”, 2710 19 43, which now falls under 2710 19 42.
21 November 2024
Oil Price Cap (OPC) Advisory: Evasion Linked to Product Origin Manipulation Through Fabricated and Falsified Certificates of Origin (CO) added.
22 October 2024
Updated Price Cap Coalition Advisory for the Maritime Oil Industry and Related Sectors added
'Details' section updated
28 June 2024
OFSI has updated the Oil Price Cap Exempt Projects and Countries GL – INT/2022/2470156 and updated the associated publication notice.
21 June 2024
OFSI has upgraded the UK Maritime Services Ban and Oil Price Cap Industry Guidance into its new digital guidance format.
24 May 2024
OFSI has updated the Oil Price Cap General Licence – INT/2024/4423859 and updated the associated publication notice. This excludes the supply or delivery of Russian oil by, or provision of relevant services to, “specified ships”.
OFSI has updated the Oil Price Cap Guidance in relation to ship specification in Section 4.1 and 4.2 and in relation to extraordinary situations in Section 4.4.
8 March 2024
The deadline for providing additional attestations or itemised ancillary costs has been increased from 28 days to 30 days.
16 February 2024
GENERAL LICENCE – Oil Price Cap INT/2024/4423849
The new ‘Oil Price Cap’ General Licence (INT/2024/4423849)
Updates to OFSI’s guidance in relation to the attestation model, with per-voyage attestations and itemised ancillary costs. The deadline for providing additional attestations or itemised ancillary costs has been reduced from 30 days to 28 days. The requirement to cease doing business with actors who refuse or fail to provide information has been clarified as being contract-specific and only applying to policies relating to the seaborne transportation of Russian oil and oil products.
9 February 2024
GL updated with expiration date
1 February 2024
Price Cap Coalition Oil Price Cap (OPC) Compliance and Enforcement Alert added
20 December 2023
Updates to OFSI’s guidance in relation to the attestation model, with per-voyage attestations and itemised ancillary costs. Clarification on reporting requirements for UK nationals in third countries. Clarification on reporting timelines. Amendments to the tier system, with separation of Tier 3 into Tier 3A and 3B.
14 September 2023
Update to General Licence INT/2022/2470156 to extend the expiration date of the Schedule 1 Exempt Projects, Sakhalin-2 Project, to 28 June 2024. Update to the Publication Notices document, reflecting the above change.
4 August 2023
Updated compliance forms, and instructions for using them.
14 June 2023
Updates to OFSI's guidance in relation to derivatives & futures trading, winddown periods and 'as soon as practicable' meaning.
Publication of a derivatives and futures trading general licence.
6 April 2023
Uploaded an updated version (April 2023) of the Guidance.
6 March 2023
Slight change to numbering in overall guidance.
6 March 2023
March 2023 update to the overall guidance.
1 March 2023
Aligned form descriptions and order with updated uploaded documents
27 February 2023
Added reporting forms and updated titles.
4 February 2023
Russian Oil Services Ban - HMT Industry Guidance updated
3 February 2023
GENERAL LICENCE – Products Oil Price Cap Wind-down INT/2023/2660772 added and HM Treasury Publication Notices 03-02-23, for INT/2022/2469656, INT/2022/2470256, INT/2022/2470056, INT/2022/2470156 and INT/2023/2660772
5 January 2023
HM Treasury Publication Notices 05-1-23 for INT/2022/2469656, INT/2022/2470256, INT/2022/2470056 and INT/2022/2470156 added
General licence, Oil Price Cap: Exempt Projects and Countries INT/2022/2470156 updated
21 December 2022
HM Treasury Publication Notices for INT/2022/2469656, INT/2022/2470256, INT/2022/2470056 and INT/2022/2470156 added
Russian Oil Services Ban - HMT Industry Guidance updated
Reporting forms for General Licence INT/2022/2469656, INT/2022/2470256 and breaches updated