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OFAC have now issued General Licence K which entitles U.S. persons to wind-down their activities with COSCO Shipping Tanker (Dalian) Co. Ltd. and any subsidiary in which they own 50% or more.

Pollution fines in Turkey have been subject to a regular annual increase for many years. As per the latest amendments brought into effect from 1st January 2023, there is another significant increase in...

In October 2013 the Managers advised Members of the introduction of a new mandatory Maritime Traffic Information System (SISTRAM) in Brazilian waters; Brazil – Maritime Traffic Information System (SISTRAM)....

August 2016

During a close quarters situation, vessels may have to alter course, resulting in either a collision or a grounding. These incidents can be more likely to take place while navigating in high traffic areas...

Translations: Chinese  Vietnamese   Dear Sirs New requirements affecting oil tank vessel owners and owners of vessels carrying oil as “secondary cargo”1 operating in certain areas of Western Alaska when...

February 2009

Salvage Guarantee Form ISU 524. 2. 99 To: Dear Sirs, "…………………………. . " Salvage Lloyd’s Standard Form of Salvage Agreement incorporating the SCOPIC Clause dated …………………. . (the "LOF") In consideration...