Economic Sanction Compliance Policy
In today's global environment, the transnational security challenges are ever-increasing. Evergreen Line recognizes our obligation, as a reputable carrier offering worldwide transportation service network, not to engage or contribute in any activity and transaction that could threaten international peace and security.
The director, manager, employee, agent, representative and any person acting on behalf of Evergreen Line and/or its affiliates commit to abide by any relevant economic sanction laws and regulations enacted by state authorities, international organizations and supranational bodies, and are determined to establishing effective and robust economic sanction compliance programs.
Evergreen Line recognizes that the risks on non-compliance of the sanction measures are immense, which include but not limited to enforcement action by authorities, the delay or diversion of vessels, asset freeze, criminal imprisonment, substantial fines and reputation damage. The key principles govern Evergreen Line's approach to economic sanction and export controls are:
- Evergreen Line will not provide any service and/or assistance in sale, supply or transfer the prohibited goods to the economic sanction regimes;
- Evergreen Line will not undertake business or engage in commercial relationship with individuals, entities, countries and governments that are the targets of the economic sanction regimes;
- Evergreen Line will not undertake any business that would breach any export laws that apply to it.
Economic sanction laws and regulations are fragmented and subject to constant revision. Therefore, detailed guidelines and compliance measures will be issued/updated from time to time to supplement this policy. Evergreen Line will also implement automatic sanction screening system to assist relevant departments in carrying out due diligence checking against applicable economic sanction programs on specific cargo commodity and each prospective customer, supplier and potential business partner/counterparty before engaging in a commercial transaction. If anyone within Evergreen Line has any doubt or concern in complying with economic sanction compliance, please immediately consult with the Sanction Desk by the designated mailbox [email protected].