The UK's Bribery Act 2010 (the "Act") came into force on 1 July 2011 and introduces a new set of criminal offences for bribery. The Act brings wide-ranging changes to the UK's anti-corruption regime, and has extensive extra-territorial effect. A survey conducted by the City of London Corporation in 2010 identified the shipping industry as "high risk" as regards corruption, and as one of the sectors most likely to be affected by the Act. Contributed by Reed Smith's London Shipping Group
Italy has finally ruled in favour of the lawfulness of employment of armed guards on board of Italian flagged vessels by Decree Law n.107. dated 12 July 2011.
Following the continuing success of its main Insight Course in London, a second course is to be held this year at the Athens Hilton Hotel on the 6th to the 7th December. "An insight into transport law and insurance" is a practical, extensive two-day course for the non-insurance specialist. Places on the course are limited and priority in applications will be given to Club Members.
The UK P&I and Defence Clubs hosted a broker evening at Balls Brothers wine bar in the City of London on 24th May. A long and convivial evening was enjoyed by all in the traditional shipping heartland of St Mary Axe, adjacent to the Baltic Exchange.
Our P&I Club Chairman, Mr Dinos Caroussis, of Chios Navigation, welcomed the Greek marine broking community to a social evening, together with Thomas Miller (Hellas) Ltd. and colleagues from Thomas Miller P&I and Defence in London, at the Piraeus Sailing Club, in Mikrolimano, on the evening of Tuesday 17 May 2011.
A unique opportunity for young German transport professionals to work in the London market is presented this year in the shape of the Robin Travis scholarship. The Robin Travis scholarship provides a three month paid internship for a motivated individual who is working in Germany and is currently employed in the shipping, transport or marine insurance sector. A lump sum of €5,500 to assist with living expenses is provided for the period.
On 13th April, the UK P&I and UK Defence Clubs hosted a joint seminar at the Moda Yacht Club in Istanbul which focused on topical risk and liability issues for their Members and the wider shipping community. After the seminar a cocktail reception was held for the participants and their wives and partners.
The aim of this legal bulletin is to provide a general overview of the regime and its scope, and answers to the most common questions that would assist Members in understanding the relevant issues on how the Regulation will be enforced.
Two directors were elected to the Board of the UK P&I Club at the AGM in Shanghai. Angeliki Frangou is Chairman of the Board and CEO of Navios Maritime Holdings Inc, Athens and of its affiliates Navios Maritime Partners LP and Navios Maritime Acquisition Corporation which have eleven owned ships in the UK P&I Club with 368,362 gross tonnage entered. Evgeny N. Ambrosov is Senior Executive Vice-President of OAO Sovcomflot, Moscow which has 24 owned ships with the Club, amounting to 639,540 gross tonnage.
Thomas Miller has appointed Mark Matthews to reinforce its underwriting team serving the Greek memberships of the UK P&I and UK Defence Clubs, with effect from 20th September.
