Lloyd's Register

Financial Services, Shipping
1
UK
Lloyd's Register
LR Senergy

Lists an office in Tehran, Iran on its company website.

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"The Health, Safety and Environment Association of Oil Industry Companies of Iran on Friday signed a memorandum of understanding in Tehran with a British corporation on expanding cooperation in the HSE department. Based on the agreement, Lloyd’s Register, a global engineering, technical and business services organization, will provide HSEAOIC with advanced HSE services and training programs, Shana reported." (November 26, 2016)

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"After coming under pressure from the United States, the ship classification society Lloyd’s Register said in late April that it would close its office in Iran and stop certifying the safety of Iran’s ships." (The Washington Post, "Iran, unable to sell oil, stores it on tankers," 5/14/2012)
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"Lloyd's Register, a leading maritime risk management firm, has shut its operations in Iran and can no longer vouch for the safety of the OPEC member's fleet due to Western sanctions, the head of the company told Reuters. Lloyd's Register, a classification society that verifies the safety and environmental standards of vessels, has stopped assessing around 60 tankers and container ships owned by Iran's NITC and Islamic Republic of Iran Shipping Lines following pressure from the United States... 'The Americans came to us and said that if we continued to work for the Iranians we would be blacklisted in America,' Richard Sadler, the London-based chief executive of Lloyd's Register, said on the sidelines of a conference in Singapore. 'There was a lot of confusion about the sanctions and actually the recommendations was that it was better for British classification societies within Europe not to be dealing directly with NITC,' he said." (Reuters, "Lloyd's Register withdraws from Iran due to sanctions," 4/26/12)

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"However, other firms — notably Lloyd’s Register, Bureau Veritas and Germanischer Lloyd — continue to provide services to Iranian and other vessels working in Iranian ports or waters." (Washington Post, "Congress sees shipping-certification firms as tool to tighten Iran noose," 12/5/2011)

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Lloyd's Register has offices in the Iranian cities of Bandar Abbas, Mahshahr and Tehran. (Lloyd's Register website "List of Offices by Country," February 2010)

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In 2008, Lloyd's Register America, Inc. acquired Martec, which has performed business in Iran's energy sector. (Martec Press Release)

"Our investigation, following receipt of your letter, indicates the vessel transferred to operate under the Djibouti flag from mid-December 2020 which appears to have coincided with a change in the vessel’s name, reported ownership and management which transferred to Indian interests at Peridot Ship Management in Mumbai, and without that having been reported to LR, as required by our published classification Rules and Regulations. A change in management, name and flag of the vessel without informing and involving LR means the vessel did not have valid LR classification and statutory certificates in January 2021." (February 3, 2021)

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“The Lloyd’s Register group has a policy of compliance with all applicable sanctions’ laws and regulations. The SEA GLORIA mentioned in your letter as a Lloyd’s Register classed vessel transferred out of Lloyd’s Register class in January 2020. We are investigating further the matters you have raised with flag State and registered owner’s representatives.” (December 23, 2020)

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Response: “Thank you for your letter dated 8 April 2020 referencing the International Association of Classification Societies (IACS) and the Polish Register of Shipping and acknowledging Lloyd’s Register’s ongoing commitment to conducting its business activities lawfully. Since receiving your letter, Lloyd’s Register has contacted the Secretariat of IACS and is aware that you have written in similar terms to the Chairman of the IACS Council, and other IACS members, and that your correspondence is being considered by IACS members in accordance with IACS procedures.” (April 15, 2020)

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“I would like to confirm that Lloyd’s Register (LR) has an ongoing commitment to comply with all applicable laws, including economic sanctions, and that all our business activities will continue to be entirely lawful.” (August 10, 2016).