URUGUAY - RESTRICTIONS FOR TRANSITING THE MARTIN GARCIA CHANNEL

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 2018

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ARGENTINA - PANDI CIRCULAR 011/2018 LAW Nº 27,418 MERCHANT SHIPPING ACT

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.

Yours faithfully

PANDI LIQUIDADORES SRL