$60/bbl is not a suggestion, it is a red line. The G7 price-cap mechanism on Russian crude cuts off Western insurance, shipping and financial services for any cargo dealing above the ceiling. Urals normally trades at a Brent discount and stays clear, but the paperwork has to match.

The line is held by a three-document set. The invoice states the deal price, the bill of lading evidences title transfer, and the attestation confirms the carrying vessel and voyage. If any one of the three shows a price above $60, the whole cargo lands on the banned list. We have seen clean cargoes bounced by banks over a few cents of currency conversion on the invoice, so verification must come early.

SNSUC builds the document check into the front of the letter-of-credit flow. Before the LC opens, we run a price-cap screen: convert the invoice currency to a uniform USD/bbl, hold a 5% buffer under the $60 line, and confirm the three documents agree before anything proceeds. That way even a sharp market rally cannot sink an already-opened cargo on a retroactive price review.

One more point: the red line targets Russia-origin crude. Iran is a separate automatic-deny lane and must not be conflated with it. Our sanctions-screening script lists only Iran for automatic denial; Urals runs through cap compliance, not an embargo — a different path entirely.