- — Avoiding fines and detention in Senegal – preparation is key
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at 7/25/24 11:00amIn addition to customs authorities, Immigration authorities also carefully scrutinize crew documentation and if any discrepancies are found, may confiscate crew passports and summon the Master for questioning. The Marine Anti-Corruption Network MACN and the International Group of PI Clubs have published a Guidance Document that provides an overview of the documents required by the ...- — UK ship insurer sees problems paying claims involving sanctions-hit Russian provider
- at 7/25/24 4:00amPaying claims for ships involved in accidents or collisions with other vessels covered by sanctions-hit Russian insurer Ingosstrakh will prove difficult, UK ship insurer West said, in another sign of complications with Moscows oil trade. In June, Russias Ingosstrakh, which provides services to Russian oil exporters including ship insurance cover, was added to the UKs ...
- — FuelEU Maritime is coming. Is your charterparty ready?
- at 7/22/24 3:00pmFuelEU Maritime regulations aim to reduce the greenhouse gas intensity of energy used by ships, encourage shore-side electricity and drive the take-up of renewable fuels of non-biological origin such as e-ammonia and e-methanol. With little published advice so far, BIMCO is currently working on a FuelEU clause for time charterparties, which is expected to be ...
- — Port State Control – 2024 Concentrated Inspection Campaign on Crew Wages and Seafarer Employment Agreements
- at 7/21/24 3:00pmThe meeting reviewed the results of various inspection campaigns and planned future ones. Concentrated Inspection Campaigns target specific areas at a higher risk of non-compliance. This risk may be indicated by the number of deficiencies found, accidents, or the implementation of new convention requirements. CICs are carried out annually over a three-month period (September to ...
- — Carriage of Iron Ore Fines from Goa and other west coast ports in India
- at 7/19/24 11:00amIron ore intended for export has been stockpiled with very large stockpiles being exposed to the elements for many years. Using excavators, sampling of iron ore fine stockpiles in India is limited to 3-metre-deep pits only, hence fully representative sampling of static stockpiles for laboratory testing is not possible. Fully representative samples can only be ...
- — West P&I elevates focus on risk management with appointment of Chief Risk Officer
- at 7/16/24 11:00amOn 1 July, West promoted Katy Shearer to Chief Risk Officer and appointed her to the Management Board of Directors. This decision represents Shearer’s strong contributions to the business and the importance the Club places on the increasingly complex risk landscape across all sectors of the business. The shipping industry continues to face significant uncertainty ...
- — Sharing and reporting cyber incidents
- at 7/15/24 3:00amThe maritime industry has increasingly introduced internet-connected technologies and digital systems to improve commercial vessel and port facility operations such as those used for the movement of cargo and ship navigation. However, this digital interconnectedness has introduced cybersecurity risks, including the threat of ransomware attacks that can disrupt operations, unauthorized access to vessel controls and ...
- — French Tonnage Tax Regime: a prime target in the midst of legislative elections
- at 7/14/24 3:00pmFollowing the recent dissolution of the French National Assembly, the country is preparing for early legislative elections. The political climate is tense for shipping companies with the two leading political parties in the polls considering abolishing the French tonnage tax regime. By way of reminder, the French tonnage tax regime offers a favourable tax framework ...
- — Port State Control – 2024 Concentrated Inspection Campaign on Crew Wages and Seafarer Employment Agreements
- at 7/14/24 3:00pmThe meeting reviewed the results of various inspection campaigns and planned future ones. Concentrated Inspection Campaigns target specific areas at a higher risk of non-compliance. This risk may be indicated by the number of deficiencies found, accidents, or the implementation of new convention requirements. CICs are carried out annually over a three-month period (September to ...
- — Alarming spike in dengue cases
- at 7/14/24 3:00pmDengue is a viral disease transmitted by infected mosquitoes. It usually begins with flu-like symptoms but can develop into a potentially lethal complication called ‘severe dengue’. It is found mostly in urban and semi-urban areas and has long been associated only with tropical and sub-tropical climates. However, climate change and shifting temperatures are now expanding ...
- — CEO update: Navigating new horizons
- at 7/12/24 3:00pmThe recent announcement of Gard’s acquisition of the Codan Marine and Energy portfolio, is one example of how we are preparing for the future. With this move, we are not only establishing a new office and increasing our presence in Denmark; we are also making a significant advance in the renewable energy sector and increasing ...
- — EU Emission Trading System – smooth sailing a half year into 2024?
- at 7/9/24 3:00pmIntroduction For the 2024 calendar year any shipping company having cargo or passenger ships of 5,000 gross tonnage (GT) or above calling a port located in the EEA (European Economic Area[1]) for commercial purposes must cover 40% of the total CO2 emissions reported for 2024 with EU emission allowances (EUAs) irrespective of the vessels flag ...
- — Electronic (Paperless) Trading – TradeGo PTE. LTD (TradeGo eBL): Approval of second version of TradeGo User Agreement
- at 7/9/24 3:00amMembers are referred back to the circular dated 25 January 2023 by which the International Group approved TradeGo User Agreement (2022.12.15) (the User Agreement). The User Agreement remains approved for the purposes of Club cover. This notice confirms approval by the International Group of a second version of the User Agreement: TradeGo User Agreement (2024.06.12) ...
- — When the Anchor drops too far
- at 7/8/24 3:00amThis article summarises a Court of Appeal verdict coming out of the 5th Circuit involving a damages award of $222 million and the defendant’s subsequent successful challenge to this substantial award. Background: Jesse Henson was working at a coal fired power plant (owned by Westar Energy) in Kansas when a pressure relief valve failed, exposing ...
- — Force majeure and reasonable endeavours: a turbulent contractual tale
- at 7/4/24 3:00pmOn 15 May 2024, the Supreme Court delivered a landmark judgment in RTI Ltd v MUR Shipping BV [2024] UKSC 18, in which it overturned a decision of the Court of Appeal and unanimously found that a “reasonable endeavours” provision in a force majeure clause did not require a party to accept non-contractual performance, absent ...
- — TT Talk – Contractual management obligations
- at 7/4/24 3:00pmThe importance of contractual risk management, with both suppliers and customers (up and down the chain) should not be underestimated. Understanding commonly problematic contractual clauses and risk exposures is vital for those with commercial responsibility. Without care, a business may be severely exposed financially. External assistance with the review of contracts should be sought where ...
- — The American Club’s Report and Accounts for 2023
- at 7/4/24 11:00amThe American Club has released its Annual Report and Accounts for 2023. As the unprecedented disruptions of the recent past began at last to subside, 2023 was a year of encouraging transition for the American Club: Tonnage and premium grew considerably and pricing power improved. Claims for its Members’ own account moderated, although ...
- — Crime doesn’t pay – arresting developments in financial foul play
- at 7/2/24 4:00amFinancial crime can go under the radar in shipping, with money laundering and illegal funding posing real risk to reputation, industry and society as a whole. Skulds Daria Avdeeva, Vice President Legal and Sean Smith, Global Head of Underwriting Processes, strive to ensure that all Skuld employees are on the lookout for suspicious activity. The ...
- — Gard acquires global Marine and Energy portfolio
- at 7/1/24 3:00pmGard today announced its acquisition of Codan’s global Marine and Energy (ME) portfolio. With this, Gard continues to diversify its portfolio and takes a leading position within the renewable energy segment. As part of the acquisition agreement, which is conditional and pending regulatory approvals, Gard will establish a new office in Denmark and welcome around ...
- — Is Lloyds Open Form on ‘life support’?
- at 6/30/24 3:00pmOn 1 June 2024, Lloyd’s Salvage Branch published a rebranded Lloyds Open Form (LOF) 2024. In summary, the changes provide for a “fast track” resolution process, greater transparency with the publication of awards and a requirement for reporting on Environmental, Social and Governance (ESG) data. There is renewed optimism that this will generate support for ...
- — Sharing our safety tips on IMO Day of the Seafarer
- at 6/30/24 3:00pmYesterday is the IMO Day of the Seafarer, when we can all celebrate the vital contribution made every day by the men and women who serve at sea. There is no shipping industry without our seafarers, and their immense professionalism and commitment deserves to be recognised. The theme for this year is ‘your tips for ...
As of 7/26/24 7:39pm. Last new 7/25/24 6:24am.
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