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Circular 9/10 (June 2010) The Migrant Workers and Overseas Filipinos Act of 1995 (Republic Act 8042), as Amended by Republic Act No. 10022
- Amendments to the Filipino Migrant Workers Act of 1995 (Republic Act No. 8042) (MWA) have now become law in the Philippines
- Final implementation by relevant government agencies is anticipated by 30th June 2010.
- Accidental death, natural death or disablement claims will be subject to the principle of absolute liability for employers.
- Insurance cover must now be obtained by manning or recruitment agencies for the benefit of seafarers in addition to any benefits already provided under the POEA and/or CBA s
- P&I clubs are unable to provide direct cover to seafarers as required under this Act. Manning agents/recruitment agents are not co-assureds on Club certificates of cover.
United States’ extension of sanctions against Iran
On 1st July 2010, President Obama signed into law the House of Representatives Bill 2194, known as the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISAD). CISAD amends and expands the economic sanctions against Iran previously laid down in the U.S. Iran Sanctions Act of 1996.
Under the new law, sanctions can be imposed, among others, against persons providing “goods, services, technology, information, or support that could directly and significantly contribute to the enhancement of Iran’s ability to import refined petroleum products”. Such goods, services, technology, information, or support includes:
- underwriting of insurance or reinsurance for the sale, lease, or provision of such goods, services, technology, information, or support;
- financing or brokering such sale, lease, or provision;
- providing ships or shipping services to deliver refined petroleum products to Iran.
The sanctions will affect shipowners and charterers of any US or non-US vessels, trading refined petroleum products to Iran. The sanctions can be imposed not only against the person engaging in the relevant activity, but also against such a person’s parent company or affiliate or subsidiary company, if they have knowledge or should have knowledge of such activity.
The sanctions imposed on the sanctioned persons or companies, introduced by the new law, include, in broad terms, the following prohibitions:
- prohibition of any transactions in foreign exchange that are subject to the jurisdiction of the United States
- prohibition of any financial transfer under the US jurisdiction
- prohibition of any US property transactions
The Managers are seeking clarification of the scope and application of the Act to the Association and its insurance cover, and will provide further advice to Members as soon as practicable..
Members requiring further information should contact Dr. Chao Wu at email@example.com or telephone +44 20 7204 2157.