Our Member CHADWICK WEIR NAVEGACION SA from Uruguay issued Circular ROU/06/18 advising of dredging operations notified by the RIVER PLATE ADMINISTRATOR COMMISSION between June and July 2018Read More
The Circular is quoted below:
2nd January 2018
CIRCULAR 011/2018 - LAW 27,418 “MERCHANT SHIPING ACT”
On 22nd December 2017 the Law N° 27,418 – enacting the new “Merchant Shipping Act” passed by the Congress on 22nd November 2017 – was published in the Argentine Official Bulletin.
The Act targets the promotion of the Argentine shipping industry and affects, therefore, several aspects of the Argentinean Merchant Marine: from the administrative regime of the National flag to tax benefits. From a P&I perspective, perhaps the most relevant introductions are related to the limitation of liability of Crewmembers and Pilots (which used to be unlimited).
Ruggiero & Fernandez Llorente law firm analysed the new legislation and issued the Circular enclosed hereto addressing its relevant points. Find it following this link: https://goo.gl/nyudHL
We trust you find the Circular of interest and we remain at your disposal if clarification and/or further information is needed.
PANDI LIQUIDADORES SRL