Monthly archive

October 2011

Potential North American Trade Sanctions Rekindle Debate over Protectionism

A study into whether Canadian and Mexican ports have an "unfair advantage" over US ports, which could potentially lead to a "full-scale trade spat," has industry experts suggesting that a review of domestic maritime policy would be a more effective study.

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Maritime Lawyer Outlines Issues of "Reregistering Vessels After Foreclosure Sale"

Francis Nolan, Chair of The Maritime Law Association of the US's Standing Committee on Maritime Finance and US Member of the Comite Maritime Internationale Subcommittee, recently wrote an editorial about the complications that can arise when a foreclosed ship is re-registered with a new flag state. The article, along with a link to the original source, is posted in its entirety as follows.

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UK to Revise Tonnage Tax Manual

Her Majesty's Revenue and Customs (HMRC) of the United Kingdom has agreed to "revise its UK Tonnage Tax Manual to at least partly restore the pre-2009 interpretation" to its policies.

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US GAO to Review Jones Act

The ISRR staff has learned of a letter written by the United States’ Government Accountability Office (GAO) stating its intentions to review the Jones Act “in terms of its effect on both the Puerto Rican economy and the broader U.S. economy.”

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