Legal implications can have a serious impact on company balance sheets. You need to plan ahead, becoming aware of regulations, new laws, international conventions and the impact these might have on your business
At the end of 2016, the UAE finally adopted the long awaited Bankruptcy Law (Law No. 9 of 2016). After several years in the making the new law represents a significant improvement over the old regime which has previously existed under the Commercial Code and which has now been repealed. In this article, we will consider the impact of the new law on debt collection in the UAE, which remains a topical issue in the current commercial environment.
Maritime Labour Convention (MLC), 2006 is meant to protect the right of seafarers which is treated as “Fourth Pillar” next to SOLAS, MARPOL and STCW of International Maritime Organisation (IMO). It is also called “Bill of Right” among the 1.2 million professional seafarers around the world.
“IMO regulations will be a driver and catalyst for a generation of new, more efficient ships” said Stefan Micallef, Director of the Marine Environment Division at IMO, as he concluded his remarks at the 2017 Propulsion and Emissions conference, Hamburg, Germany (10-11 May).
President Donald Trump gave Alaska some good news late last week when he signed an executive order directing Interior Secretary Ryan Zinke to review a plan from President Barack Obama’s administration that banned drilling in parts of the Pacific, Arctic and Atlantic oceans. Though a price slump that began in 2014 has reminded Alaskans to plan for a future in which oil no longer provides the lion’s share of state revenue, the commodity remains a vital part of the Alaska economy and likely will remain so for decades to come. The executive order relating to offshore drilling provides hope that drilling on the outer continental shelf off the state’s northern coast may be allowed again.
A new white paper from Alfa Laval addresses ship owner concerns to ensure vessel compliance with bilge water regulations worldwide. Even if a traditional system with type approval is operating on board, the paper states, there are still risks of violating applicable laws and damaging the marine environment.
Located at the gateway to southern China and the centre of the fast-developing Asia-Pacific trading basin, the Hong Kong port has always played a key strategic role in the economic development of the city.
In 2020 the shipping industry is facing its biggest change since the shift away from burning coal a century ago as the IMO is set to impose a new 0.5% sulfur cap on marine fuel emissions. S&P Global Platts associate director Paul Hickin and editorial lead for bunker news Jack Jordan assess the readiness of the industry for the changes ahead, as well as the likely options for shipowners in coping with the stricter emissions regulations.
The Maersk Tangier is the first English case to consider package limitation for containerised cargoes under the Hague-Visby Rules. Robert Thomas QC and Benjamin Coffer appeared for the successful claimants.
In maritime law, the term ’Ship collision’ is given when a physical impact occurs between two ships resulting in an accident which causes damage. The ship collision can occur between a moveable object, such as a ship, and a stable object like a quay or a floating structure like an offshore drilling platform.
H.E. Dr. Abdullah Belheif Al Nuaimi, Minister of Infrastructure Development and Chairman of the FTA, chaired the delegation participating in the meetings of the General Committee of the International Maritime Organization, which will continue until July 28, 2017, to discuss the most important issues related to the maritime sector.
Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill, 2017, introduced during the Winter Session of Parliament came up for discussion in the Rajya Sabha today and was passed unanimously by the house
The launch of the L’Astrolabe, a 72 metre polar logistics vessel fitted with a complete Wärtsilä propulsion machinery package and Wärtsilä NOR (NOx Reducer) SCR (Selective Catalytic Reduction) exhaust gas cleaning systems for all the main engines, took place on July 12. This is the first vessel operating with the International Maritime Organisation’s IMO Tier III EIAPP (Engine International Air Pollution Prevention) certified Wärtsilä diesel engines.
A number of indications suggest that shipping compliance in Argentina can be stressful. The requirements for operators regarding inward clearance are usually unclear and patience is required to understand how regulations are likely to apply.