This is an update on sanctions imposed against Libya and Syria. Libya – EU sanctions In our client alert of 20 June 2011, we reported that the sanctions targets designated by the EU (at Annex III to Council Regulation (EU) No 204/2011) included six port authorities. These port authorities, together with 22 other entities, have [...]
From Reed Smith – The Inter-Club Agreement: Amendments relating to Security come into force on 1 September 2011 The Inter-Club Agreement, which was last amended in 1996 (the “1996 Agreement”), has been further amended to incorporate a new provision dealing with the entitlement to security for cargo claims. The position under the 1996 Agreement Clause [...]
It is recommended that this alert is read in conjunction with the Circulars issued by the Association on 13 December 2010 (India – Safe shipment of Iron Ore Fines from Indian Ports, No 5:421) and 31 January 2011 (Indonesia and the Philippines – Safe Carriage of Nickel Ore Cargoes, No 5:428). This concerns the shipping [...]
From Hogan Lovells: At the end of June, the UK’s Office of Fair Trading (OFT) published its final guidance on how it will assess the extent of an individual director’s responsibility for infringements of competition law. The guidance makes clear that there is no room for complacency in competition law compliance programmes. All directors must [...]
The Correspondent in Benin, TCI Africa, report that piracy in West African waters is on the rise. Most attacks occur while ships are at anchor or close to the shore, unlike East Africa, where Somali pirates have netted millions of dollars in ransoms in exchange for the release of ships captured hundreds of miles from [...]
Lloyd’s Open Form (LOF) provides a regime for determining the amount of remuneration to be awarded to salvors for their services in saving property at sea and minimising or preventing damage to the environment. Following the Lloyd’s Salvage Group meetings in 2010 and March 2011, a new LOF, to be known as LOF 2011 (click [...]
IGPI Members are referred to previous circulars on the Regulations of the People’s Republic of China (PRC) on the Prevention and Control of Marine Pollution from Ships (“the Regulations”), and the postponement of the requirement that owners/operators of (a) any ship carrying polluting and hazardous cargoes in bulk or (b) any other vessel above 10,000 [...]
+ Scope of the bribery act and the latest ministry of justice guidance + Third party payments and the FSA + Relationship between bribery and money laundering legislation + Practical examples and procedures to keep out of trouble Speakers – Alex Booth and Judith Perkins
From the London Club: In light of the continuing pirate attacks on merchant ships traversing the Gulf of Aden area and the widening geographical range of attacks despite the presence of a number of international navies, Members may be interested to note that the International Maritime Employers Committee (IMEC – for further details click here) [...]
