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.
Ince & Co Shipping Law Update regarding the clarification on the law on late redelivery under a time charter. There is also a comment on an unusual collision, subcharterers' right to limit liability in New Zealand and an item of interest to cruise operators.
This edition of the Maritime Review contains a broad selection of pieces. The first is a detailed article on maintenance obligations under bareboat charterparties, of interest to both the offshore and the shipping industry. There is a further update on the progress of Basel II, a note on recent developments in mediation, and a note on changes to the UK tonnage tax regime.