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Shipmanagers and owners, assisted by legal and insurance experts, are grappling with the complexities of drafting a clause for SHIPMAN that sets out the responsibilities for administering and surrendering emissions allowances under an Emissions Trading Scheme (ETS). Although the clause is being written to work with any ETS, the primary focus is on the EU ETS, which is the world’s largest carbon trading scheme, soon to embrace shipping.
The recent seizures of an Iraqi oil tanker and a UK flagged ship by Iranian authorities have further increased tensions in the Gulf following earlier attacks on tankers in Fujairah and the Gulf of Oman. But what are the contractual implications for ships operating in the area?
At its meeting held from 26 to 30 July 2021, the Legal Committee (LEG) of the International Maritime Organization (IMO) agreed on a unified interpretation of the test for breaking a shipowner’s right to limit liability under certain IMO conventions. The committee also considered several other issues relating to the abandonment of seafarers, to Maritime Autonomous Surface Ships (MASS) and to the committee’s future work programme.
Lena is Vice President, Head of Claims at Skuld Copenhagen. She has been with Skuld since 2008. She holds a Master of Laws from the University in Copenhagen. Skuld is a leading marine insurance provider and its largest line of business is P&I. The Claims team deals with a wide variety of cases from shortage claim, personal injuries to casualties etc. and they also handle matter within all aspects of FD&D.
The Honduran Maritime Authority has announced that all vessels visiting Honduran waters or requesting anchoring within the jurisdictional waters of Honduras, need to arrange stand-by marine pollution response with a local oil and HNS spills response organisation (OSRO).
In response to the global sulphur limit of no more than 0.50% that will come into force on 1 January 2020, BIMCO has established a subcommittee for the development of a charter party clause that will address the issues related to the new regulations.
The revision of BIMCO’s industry standard bareboat charter party, BARECON 2001, has been going on for over a year now. The draft has been circulated to more than 20 companies or individuals in the bareboat chartering industry for comments and feedback.