Turkey: Environmental Pollution Fines and Recommendations

(http://www.MaritimeCyprus.com) Turkey has been developing environmental protection for their territorial waters, and significant fines are applicable to vessels that violate Turkish antipollution regulations. Different from the major increase imposed in December 2018, this is a mere adjustment of the fines for inflation that takes place every year. According to the declaration of the Ministry of…

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Iceland – heavy fuel oil banned as of 01 Jan 2020

(http://www.MaritimeCyprus.com) The Government of Iceland has issued a news release stating that, effective 1 January 2020, the permissible sulphur content of marine fuels used in the territorial sea and internal waters of Iceland will be lowered from 3.5% to 0.1%. The Iceland Minister for the Environment and Natural Resources has issued a regulation tightening fuel…

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Due diligence for ship finance transactions in Cyprus

(http://www.MaritimeCyprus.com) The Shipping Industry is currently undergoing one of its largest economic and financial crises of recent memory due to the turmoil brought on by the credit crunch. It is under these circumstances that prudent and careful financial and investment decisions need to be made in order to not only survive the turbulence, but to thrive…

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IMO Revised Compendium on Facilitation and Electronic Business

(http://www.MaritimeCyprus.com) The mandatory requirement for national governments to introduce electronic information exchange between ships and ports came into effect from 8 April 2019, under the FAL Convention. According to the Standard 1.3bis, Public Authorities have to establish systems for the electronic exchange of information by 8 April 2019. A period of no less than 12…

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EU MRV and IMO DCS Regulations – Reporting requirements

(http://www.MaritimeCyprus.com) In order to reduce emissions from shipping, the European Union (EU) has introduced the shipping Monitoring, Reporting and Verification (MRV) regulation, which is designed to gather data on CO2 emissions based on ships’ fuel consumption. In parallel, the IMO has introduced a three-step approach, based on collecting and analyzing fuel consumption data, before agreeing what…

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IMO 2020: Worldwide Scrubber washwater restrictions (update Dec. 2019)

(http://www.MaritimeCyprus.com) The IMO considers exhaust gas scrubbers to be an acceptable means of reducing vessels’ sulphur emissions and ensuring compliance with MARPOL Annex VI.  A separate guideline, Resolution MEPC.259(68), specifies the requirements for the verification, testing, survey and certification of scrubber systems and sets out the criteria for discharging scrubber washwater into the sea. However, some coastal states…

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2020 Sulphur Inspection Guidance from the EU (Dec 2019)

(http://www.MaritimeCyprus.com) As the global shipping industry prepares for the arrival of the global sulphur cap in January 2020, the operation of ships in a multi-fuel future is a fast approaching reality. European Maritime Safety Agency (EMSA) has posted the document Sulphur Inspection Guidance. It is intended to provide guidance to EU port state control agencies for…

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