Chilean FSMC ( formerly known as AGM) Regulations
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The World Health Organsiation (WHO) declares Europe the new epicenter of the coronavirus (COVID-19) pandemic. Now many countries are closing borders to contain the spread of the disease.
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The Tokyo and Indian MOU have issued press releases providing guidance on how extensions can be granted in relation to port state control inspection carried out on ships.
The cutting of diplomatic ties with Qatar imposed by a number of Arab states with effect from 6 June 2017 has also impacted the operation of ships in the area due to the restrictions imposed.
BIMCO is working on a charter party clause to help tackle potential abuse by sanctions busters of the Automatic Identification System (AIS) which is mandatory for all ships to carry under SOLAS.
AIS manipulation is one tool used by parties to evade sanctions. This clause addresses this issue and is part of the BIMCO suite of sanctions clauses. It is intended to be part of a company’s sanctions compliance due diligence programme. Although the continuous operation of a ship’s Automatic Ident... Please follow the link to continue reading.
The introduction of economic sanctions against Russian banks and other interests may restrict insurers or other financial security providers from processing claims or prohibit payment of claims arising under IMO liability and compensation conventions.