News items in 2017
22 Dec 2017
Web Alert: Use of electronic certificates on board Singapore ships
Members are advised that ‘The Maritime Port Authority of Singapore’ (MPA) has released ‘Shipping Circular No. 26 of 2017’ which discusses their intention to transition towards the full implementation of electronic certificates, issued to vessels by the Administration.
18 Dec 2017
Web Alert: Update on President Trump’s refusal to recertify the Iran deal
On 15 October 2017, President Trump refused to recertify that Iran was complying with the ‘Iran deal’ otherwise known as the Joint Comprehensive Plan of Action (JCPOA) despite the fact that the International Atomic Energy Agency has confirmed that Iran is honouring its commitments under the JCPOA.
15 Dec 2017
Web Alert: Rise in contractor confidence in UKCS
The 27th Oil and Gas survey conducted by Aberdeen& Grampian Chamber of Commerce, Fraser of Allander Institute and KPMG has found that 49% of the contractors surveyed are more optimistic about their activities in the current year and prospects going forward.
11 Dec 2017
Web Alert: Brazil announces new oil & gas bidding rounds
Brazil’s National Energy Policy Council (CNPE) approved the fourth bidding round of the pre-salt area which is planned for 7 June 2018 and the fifteenth bidding round under the concession regime which is scheduled for 29 March 2018
11 Dec 2017
Web Alert: Brazilian appeal court recognises Liberian ship mortgage
On 16 November 2017, the Superior Court of Justice (SCJ), Brazil’s highest court (in respect of non-constitutional claims) recognised a Liberian ship mortgage involving an FPSO (i.e. a floating, production, storage and offloading vessel) located offshore Brazil.
8 Dec 2017
Web Alert: Nortrader explosion safety lessons
The MAIB has released a summary of the findings into two explosions onboard a cargo vessel called Nortrader. The explosions were caused by an accumulation of hydrogen gas emitted by the cargo Nortrader was carrying.
17 Nov 2017
Capital management methodology, November 2017
All P&I clubs must have free reserves to protect members against shocks, but how large should these reserves be? This bulletin explains how The Standard Club works out the appropriate level of reserves to protect against such shocks – and when to give some of the reserves back.