Our Member CHADWICK WEIR NAVEGACION S.A. informed that Uruguay has ratified the Salvage Convention 1989 which entered into force on 23rd June 2018. Review the status of the Convention in the different countries of our Membership.Read 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