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The last convention of the international liability and compensation regime for pollution damage from ships is now closer to ratification with the European Parliament’s consent. The consent is to the draft EU Council Decisions authorising member states to ratify the 2010 Protocol to the International Convention on Liability and Compensation for Damage, in connection with the Carriage of Hazardous and Noxious Substances by Sea, 1996.
BIMCO’s Chief Shipping Analyst will be presenting BIMCO’s shipping industry outlook at the INTERCEM Shipping Forum in Athens on 22-23 January 2018 and at Platts 11th Annual European Oil Storage Conference 2018 in Amsterdam on 25– 26 January 2018.
From 31 December 2020, all ships of 500 GT and above – regardless of the flag they are flying – will be required to carry an inventory of hazardous materials (IHM) when calling a port or anchorage of a country that is a member of the European Union (EU) or European Economic Area (EEA). Failure to do so may result in penalisation.
Economic growth in the Eurozone is still struggling to gain a footing, as inflation remains dangerously low. The European Central Bank (ECB) aims at keeping the inflation rate just below 2%, but in October 2014, it was just 0.4%.
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