The first hard line in SNSUC's sanctions compliance is that no single Urals cargo may exceed the G7 price cap of $60/bbl. This is not guidance; it is a precondition for opening the letter of credit. If the L/C amount, commercial invoice and freight document do not reconcile to the cap, the bank will not release the deal.

The three-document check works by cross-verification. The invoice states cargo value, the freight document states transport cost, and the L/C states the payment obligation; all three must close on the same cargo and the same voyage. If any document is missing or the numbers fail to tie, the screening engine blocks the deal outright — no manual exception lane. We would rather skip a deal than touch the grey zone.

On origin, Iran is SNSUC's only auto-reject. If the bill of lading load port or country of origin sits in Iran, the screening script rejects without appeal. Iraq was removed from the auto-reject list in October 2026; Iraqi grades such as Basrah Light can trade normally under a complete three-document set, though load ports still require per-vessel verification.

The rules are transparent to buyers and intermediaries alike. Our external materials never again label Iran and Iraq as a joint auto-reject pair — that was a repeated error we have put behind us.