The International Bunker Industry Association (IBIA) is introducing an enhanced Know Your Customer (KYC) framework for membership applications, with the updated process taking effect from 1 March.

As part of the changes, IBIA will use the Baltic Exchange KYC Platform to conduct sanctions screening, company verification, and ongoing risk monitoring.

The enhanced framework will initially apply to new membership applications, with plans to extend it to membership renewals in the future.

Under the new measures, corporate applicants will be required to confirm ultimate beneficial ownership where ownership or control exceeds 25%. Both individual and corporate applicants must also declare that they are not engaged in illegal activities.

In addition, corporate members, including senior management, directors, and beneficial owners, as well as individual members, will need to confirm that they are not subject to any applicable international sanctions.

IBIA said the changes follow a review of its governance and membership processes, which it conducts continuously to ensure they reflect industry best practice and support transparency across the bunkering and marine energy sector.

The association noted that the enhanced framework builds on existing measures already applied during membership onboarding.

According to IBIA, the updated KYC requirements highlight evolving global compliance expectations and widely accepted standards across shipping and marine fuels markets. The association added that the system has been designed to remain proportionate and efficient while supporting legitimate businesses operating in the sector.

Further details regarding the updated membership application process are available from the IBIA Secretariat at ibia@ibia.net.