China ECA'S update
China MSA have strengthened enforcement of the low sulphur fuel regulation (with sulphur contents no more than 0.5%) at all 11 core ports since 1 January 2017. It is said that MSA Tianjin has recently imposed penalty against a ship in violation. Members need to be vigilant in compliance of the regulation to avoid penalty and ship delay.
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In this, the third and final episode addressing BWM, the topic of Compliance Monitoring and Enforcement of the Ballast Water Management Convention is examined with Dr Guillaume Drillet from SGS.
New PRC Civil Code: impact on guarantees
The new Civil Code of the People’s Republic of China came into effect from 1st January, 2021, bringing in numerous changes to the rules governing civil disputes in China, those of particular relevance to Members are the changes to the rules relating to guarantees, which we consider in more detail below.
At their October meetings in Zurich and Rotterdam, the Boards reviewed the financial position of the Club including the performance of the open and closed policy years