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The process of recycling ships and their components and parts requires careful adherence to legal instruments and regulations. In this expert advice article, we explore the key legal instruments governing ship recycling and discuss the challenges posed by the current regulatory landscape.
BIMCO’s Documentary Committee has adopted a new Emission Trading Scheme Allowances Clause for BIMCO’s ship management agreement, SHIPMAN, and three ETS clauses for Voyage Charter Parties.
Violating sanctions imposed by the EU, UK, US and other countries against Russia and Belarus may cause severe enforcement actions and is potentially very damaging to your business. And with banks now being sanctioned, the situation is even more complex. Everybody wants to comply with the sanction regimes, but for many businesses, it is not easy to get it right. What do you need to do?
Violating sanctions imposed by the EU, UK, US and other countries against Russia and Belarus may cause severe enforcement actions and is potentially very damaging to your business. And with banks now being sanctioned, the situation is even more complex. Everybody wants to comply with the sanction regimes, but for many businesses, it is not easy to get it right. What do you need to do?
Decarbonisation talk appears to be everywhere nowadays - on a government level and in a plethora of industries. Last year saw several international agreements reached during COP26 as well as European Union proposals to include shipping in their emissions trading scheme. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
