TÜRKIYE Law and Practice Contributed by: Türker Yıldırım, Semih Sander, Gülistan Baltacı Hatay and Selçuk Sencer Esenyel, Esenyel|Partners Lawyers & Consultants
10. Additional Maritime or Shipping Issues 10.1 Other Jurisdiction-Specific Shipping and Maritime Issues Legislative work is currently being carried out by a committee of maritime trade and law experts in order to regulate maritime enforcement matters. Upon completion of this legislative work, updated maritime enforcement law provisions will enter into force. A detailed explanation of this is available in the Türkiye Trends and Developments article in this guide.
ation with the enforcement of trade sanctions, Tür - kiye generally follows the sanctions imposed by the UN Security Council. While US/EU sanctions are not legally enforced, the Turkish Banking Regulation and Supervision Agency as well as major Turkish banks have implemented strict compliance protocols to avoid secondary sanctions. Trade sanctions have had impacts on the Turkish mar - ket. For instance, sanctions were imposed against a Turkish ship-yard but were later removed after suc - cessful delisting efforts. 9.4 International Conflict The effects largely mirror global shipping industry challenges. Turkish carriers and logistics companies have faced delayed voyages, cancellations of book - ings and additional documentation requirements, including the issuance of letters of indemnity. Opera - tors have encountered additional handling costs, slower processing, and restrictions on certain finan - cial and trade transactions, leading to operational delays. Additionally, as a commercial impact of the Ukraine war, Turkish carriers and ship-owners have been affected in their trade at Black Sea ports, and more recently there have also been physical attacks on Turkish vessels in the Black Sea.
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