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A newly set-up BIMCO drafting team involving a cross-section of shipowners, charterers, financing and leasing institutions and private practice lawyers from Asia, Europe and the US began work this week to develop a standard letter of quiet enjoyment (LQE) for use in long term charter and leasing structure financings.
The third set of amendments made to the Maritime Labour Convention, 2006 as amended (MLC, 2006) relates to tackling important issues such as seafarers' employment agreements (SEA), wages and repatriation process when a seafarer is held captive on or off a ship as a result of acts of piracy or armed robbery against ships.
The Panama Maritime Authority (PMA) will continue to extend the Seafarer's Employment Agreement (SEA) until 14 September 2020. Thereafter, the provisions of the Maritime Labour Convention, 2006 (MLC,2006) as incorporated into the national legislation will have to be complied with.
The United States Coast Guard (USCG) and United States Environmental Protection Agency (EPA) have developed voluntary best management practices for ballast water discharges for ships in order to mitigate the risk of transferring Stony Coral Tissue Loss Disease.
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