Risk Level:
89% May harm your business future;

This entity is connected with designated / sanctioned entities who are helping Iranian Regime Terrorist Activities & development of WMD

Status:
High Alert – Entity affiliated with Designated / Sanctioned / Illicit entities

Info:
A mysterious Cypriot front company owns two tankers reportedly moving fuel from Iran to its ally Venezuela, according to an investigation by Levant Networks prepared for Akhbar Alaan. On Wednesday, Reuters reported that the Iran-flagged Clavel vessel has set sail for Venezuela after loading with fuel at the Iranian port of Bandar Abbas.

The Clavel tanker has been owned by the Avaro Shipping Company Limited since November 2018, International Maritime Organization records reviewed by Akhbar Alaan revealed.

Avaro Shipping Company Limited was formed in the Cypriot city of Limassol a month before it obtained the Iranian-flagged tanker. In early October, a Chinese national became the owner of Avaro Shipping Company Limited, according to a share transfer document obtained by Levant Networks.

The document shows that on October 4 all the shares of the company were moved from a Cypriot firm to Chengcheng Dai, who was identified as an entrepreneur with an address in Shanghai.

Further corporate documents show that Lebanese citizen Gracia Abiad serves as the director of Avaro Shipping Company Limited. Abiad, who provided an address in Zouk Mosbeh north of Beirut, has had commercial interests in other shipping companies in Cyprus as well as Panama.

Maritime data reveals the link between Avaro Shipping Company Limited and Iran’s national shipping companies.

The International Maritime Organization reveals that the Cypriot company registered an address at the headquarters of the Islamic Republic of Iran Shipping Lines in the Aseman Tower in Iran’s capital Tehran.

The Islamic Republic of Iran Shipping Lines is also the manager of the Clavel tanker, according to maritime records reviewed by Akhbar Alaan.

Avaro Shipping Company Limited owns two other tankers, the Petunia and Dalia, both managed by the Islamic Republic of Iran Shipping Lines.

The Petunia vessel is sailing toward the Strait of Gibraltar, according to MarineTraffic.com, which shows that the tanker was in the Iranian port of Bandar Abbas before entering the Meditteranean Sea.

Three tankers owned by Avaro Shipping Company Limited are among the 122 vessels sanctioned by the US in November 2018 for their links to Iran.

Industry:
Shipping Industry

Also Known As:
Avaro Shipping Company Limited
Avaro Shipping Co.
Avaro Shipping Co. Ltd

Country:
Cyprus

Company Number:
HE389386

Person of interests:
Cyproservus Co. Limited – Secretary
Gracia Abiad – Director

Reason for the color:
» OFAC Advisory to the Maritime Petroleum Shipping Community – September 4, 2019;
» Cypriot front company owns tanker moving Iranian fuel to Venezuela;


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IFMAT Color Guide

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We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.