Tag: regulatory update

The BIMCO CII clause has been developed to help address the commercial complexities of the CII regulation entering into force on 1 January 2023. The regulation was adopted at the IMO despite attempts by the industry to point out the potential pitfalls of the CII formula.

With the requirements for CII certification coming into effect on 1 January 2023, three Reed Smith shipping lawyers explain the BIMCO CII Clause for Time Charters.

MEPC 79 established a Ballast Water Review Group to consider a number of matters with regards to the Ballast Water Management Convention.

Last IMO Committee, MEPC 79, took place from 12-16 December 2022 adopting amendments to MARPOL Annex V to make the Garbage Record Book mandatory also for ships of 100 gross tonnage and above and less than 400 gross tonnage, among others issues.

Approaching towards the last days of 2022, we take a look back at the most important issues regarding shipping decarbonization.

Congressman John Garamendi introduced the “Close Agency Loopholes to the Jones Act,” which would close nearly 50 years of loopholes.

The European Council and the European Parliament reached a provisional political agreement on important legislative proposals of the ‘Fit for 55’ package, including the EU ETS maritime

The IMO Marine Environment Protection Committee (MEPC) held its 79th session from December 12 to 16, 2022.

During MEPC 79, IMO decided to designate the Mediterranean as a Sulphur Emission Control Area (SECA), marking a significant step forward towards cleaner air in the whole region. 

The Federal Maritime Commission (FMC) is asking the top 20 shipping lines calling the United States to provide information on how they are complying with the new prohibitions on retaliation established by the Ocean Shipping Reform Act of 2022 (OSRA).