European shipping and ships calling at EU ports became subject to the EU ETS in January 2024. Whilst much about the administration and operation of the scheme has become clearer in recent months, some elements of the EU ETS and its application to chart…
EU Emissions Trading System – What have we learned after nine months of operation? Read More »
The widely used memorandum of agreement (MOA) for the sale of ships on BIMCO’s Norwegian Saleform (2012 version) (NSF 2012) provides that the buyer may cancel the MOA and recover its deposit if the seller fails to tender notice of readiness (NOR) or to…
Better late than never Read More »
In a landmark move on 27 December 2023 the Bermuda Government took a significant step by adopting the Corporate Income Tax Act 2023 (the “CIT Act”), a pivotal piece of legislation that promises to reshape the island’s financial landscape. The new legis…
Bermuda Corporate Income Tax and the Shipping Income Exclusion Read More »
Introduction On 21 November 2023 and following extensive consultation periods, the amendment to the Climate Delegated Act (Delegated Regulation (EU) 2021/2139 of 4 June 2021) (the Climate Delegated Act) was formally adopted by the European Commission a…
EU Taxonomy for shipping: A transition to sustainability Read More »
Introduction On 21 November 2023 and following extensive consultation periods, the amendment to the Climate Delegated Act (Delegated Regulation (EU) 2021/2139 of 4 June 2021) (the Climate Delegated Act) was formally adopted by the European Commission a…
EU Taxonomy for shipping: A transition to sustainability Read More »