The increasing willingness by jurisdictions to accept P&I Clubs’ LOUs to constitute limitation funds is a welcome trend for shipowners and P&I Clubs.
Financial Security Arrangements - FAQ updated Sept 2018 International Group FAQs for Members
The International Group has engaged extensively with the (OFAC) in the U.S. and its European counterparts to explain some of the practical effects arising from the reactivation of U.S. secondary sanctions
Essential maritime security guidance for the shipping industry is now available through a dedicated website.
Following the President’s May 8, 2018 decision to withdraw from the JCPOA and to begin re-imposing the U.S. nuclear-related sanctions OFAC issued a Frequently Asked Questions document which was updated on 27th June 2018. OFAC...
UK Club launches global maritime competition to improve safety at sea
The decision by President Trump announced on 8th May, 2018 to cease the US participation in the JCPOA and to begin re-imposing US nuclear-related sanctions which were lifted to implement the JCPOA, is likely to have significant ramifications for maritime trade with Iran and the insurance of such trade.
The MoUs of Paris and Tokyo will carry out a joint Concentrated Inspection Campaign (CIC) on MARPOL Annex VI from September to November 2018.
Members will have noted the decision by President Trump announced on May 8 to withdraw the USA from participation in the JCPOA (Joint Comprehensive Plan of Action) agreed between Iran, the EU, and the P5+1 (the five permanent members of the United Nations Security Council - China, France, Russia, United Kingdom, United States - plus Germany), and to re-impose US nuclear-related sanctions.
We are pleased to report that Canada has at the end of last year adopted the Polar Code