The ever-growing importance of sale and leaseback transactions as an alternative to financing ships by way of loan, makes it both timely and welcome that BIMCO has produced a standardised term sheet. There was strong Asian representation on the draftin…
BIMCO ‘Shiplease’ Term Sheet Read More »
This report highlights some recent developments and forthcoming changes in the sanctions landscape. They are developments and changes which will increase the importance of compliance, most likely complicate the task and which have particular relevance …
Sactions And Shipping – Update And Overview Read More »
The UK’s National Minimum Wage (Offshore Employment) (Amendment) Order 2020 (the Order) came into force on 1 October 2020, widening the scope and application of the National Minimum Wage Act 1998 and extending its provisions to individuals in “offshore…
National Minimum Wage For Seafarers Read More »
In June 2018, the International Maritime Organization (“IMO”) announced the adoption of an initial strategy to reduce total greenhouse gas (“GHG”) emissions attributable to the international shipping sector by at least 50% by 2050.[1] While the IMO and…
The Poseidon Principles: Shipping Emissions Reduction Efforts Steer Into New Waters Read More »
On August 19, 2020, the US Department of State notified Hong Kong authorities of the suspension or termination of the shipping tax treaty between the US and Hong Kong (the “Shipping Tax Treaty”). This step was mandated by Executive Order 13936, issued …
US withdrawal from Hong Kong shipping tax treaty: effects and considerations Read More »