There are reports of T&T ports being used by Venezuela’s state oil company, Petróleos de Venezuela, SA (PDVSA), to avoid US sanctions.
According to a report on the website Lloyd’s List Maritime Intelligence, ships appear to be collecting oil cargo in Venezuela before stopping off in T&T and then setting off again, raising suspicions that cargoes are being hidden. It said PDVSA is suspected of using co-loads and “false berthings” to disguise cargo origins.
Since March 21, three tankers belonging to PDVSA have loaded oil cargoes in Venezuela then diverted to areas close to T&T for several hours. Vessel-tracking data showed that after spending a short time in T&T waters, the tankers left for their final long-haul destinations.
This was likely an attempt to get new bills of lading stating T&T, not Venezuela as the points of origin for the cargoes of fuel oil.