compliance

OFAC sanctions three more Russian oil price cap busters

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today imposed sanctions on three entities and identified as blocked property three vessels that used Price Cap Coalition service providers while carrying Russian crude oil above the Coalition-agreed price cap.

Treasury says the action underscores its commitment, alongside its international partners, to responsibly reducing oil revenues that the Russian government can use to bankroll its brutal invasion of Ukraine.

Today...

https://www.marinelog.com/news/ofac-sanctions-three-more-russian-oil-price-cap-busters/

Trade Tech Empowering Shippers For ICS-2 Compliance

With the revised schedule for the European Union’s Ocean Import Control System 2 (ICS-2), Trade Tech, a leading provider of cloud-based supply chain management software solutions, emphasizes its commitment to supporting clients through this transition.

The deadlines for Vessel Operators, now set for June 3, 2024, and House Bill Filers, rescheduled to December 4, 2024 (originally March 1, 2024), provide shippers with an extended period for strategic compliance readiness, says an article published...

https://mfame.guru/trade-tech-empowering-shippers-for-ics-2-compliance/

5 advantages of outsourcing driver qualification file management

Hiring qualified drivers and ensuring they remain qualified to drive is central to a good safety compliance program. Trucking companies must ensure all new and existing drivers are up to code with state and federal regulations governing truck drivers, which indicates they meet the minimum safety and health requirements to operate a commercial motor vehicle. A driver’s record of these qualifications is called a driver qualification (DQ) file.

Because of the frequent onboarding due to high driver...

https://www.freightwaves.com/news/5-advantages-of-outsourcing-driver-qualification-file-management

OFAC slaps sanctions on two Russian oil price cap busters

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is imposing sanctions on two entities and identifying as blocked property two vessels involved in carrying Russian crude oil above the price cap set by the Price Cap Coalition.

The sanctioned entities and vessels are:

  • Ice Pearl Navigation Corp of Turkey and its Marshall Islands flagged vessel Yasa Golden Bosphorus
  • Lumber Marine SA of Dubai, United Arab Emirates and its Liberian-flagged tanker SCF Primorye

The Price Cap...

https://www.marinelog.com/legal/compliance/ofac-slaps-sanctions-on-two-russian-oil-price-cap-busters/

Australia bans V.Ships Greece containership

V.Ships Greece managed ship that was banned from Austrlia

Banning the Marshall Islands -flagged containership Big Lilly from Australian waters for 90 days for serious safety and maintenance issues, the Australian Maritime Safety Authority (AMSA) was today sharply critical of its operator, V.Ships Greece, part of V.Group, one of the world’s largest providers of third-party ship management services.

Prior to this latest banning, the 1999-built ship was detained in Melbourne, after an AMSA port state control (PSC) inspection identified serious defects...

https://www.marinelog.com/legal/safety-and-security/australia-bans-v-ships-greece-containership/

Chief engineer gets prison term for oil record book, conspiracy and obstruction offenses

In a case that tells on all too familiar tale of oily bilge dumping, oil record book falsification, and a failed attempted at cover up, Denys Korotkiy, chief engineer of the vessel Donald was sentenced on Sept. 15 to serve twelve months and a day in prison for conspiracy to obstruct justice, obstruction of justice and failure to maintain an accurate oil record book.

Korotkiy was convicted on those charges June 9, following a five-day jury trial.

The DOJ says evidence showed that oily bilge water...

https://www.marinelog.com/legal/compliance/chief-engineer-gets-prison-term-for-oil-record-book-conspiracy-and-obstruction-offenses/

Are you prepared for the HVUT/2290 filing deadline?

Filing the appropriate taxes on your vehicles is key to keeping your fleet in compliance and on the road working for you. One of those taxes is the federal heavy vehicle use tax (HVUT). 

The new HVUT tax year began on July 1, and taxes for 2023–2024 are due by Aug. 31.

“Since states may deny vehicle registration or renewal without proof that you paid this tax, it’s important to stay current with changing regulations, understand the required forms and filings, and file on time to keep your trucks...

https://www.freightwaves.com/news/are-you-prepared-for-the-hvut2290-filing-deadline

3 tips to boost your CSA scores

There is a well-known saying: “Everyone is responsible for workplace safety.” While this holds some truth, it fails to mention that accountability is the other side of the coin. Everyone should do their part to ensure safe operations, but laws are in place for companies and key personnel to be held accountable for safety in their workplaces.

Countless commercial drivers share the road with the general public for long hours each day, and they operate equipment from 25,000 pounds to 80,000 pounds...

https://www.freightwaves.com/news/3-tips-to-boost-your-csa-scores

Drivers and carriers commonly overlook these regulations

Trucking is known as a highly regulated industry, and rules are in place for good reason. At its core, Federal Motor Carrier Safety Administration regulations are meant to keep both CDL holders and the general public safe.

Adherence to safety regulations is a daily effort for management, office staff and drivers. But so far in 2023, there have been 1.5 million state and federal roadside inspections, and 57% of them have revealed at least one violation, according to data from FMCSA’s Roadside...

https://www.freightwaves.com/news/drivers-and-carriers-commonly-overlook-these-regulations

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