$10 Billion Mauritius Oil Spill Claims – Shipping Law Loopholes Nightmare

According to a Forbes report, the oil spill in Mauritius in August has had lawyers scrambling through their maritime insurance libraries to understand the implications of the incident, caused by the Japanese bulk carrier, the Wakashio.

The damage from the oil spill is estimated at over $10 billion. 

Downplaying Insurance Payouts?

However, local groups have been facing an aggressive counter narrative operation being put out by the shipping and oil industry where there have been attempts to downplay...

https://mfame.guru/10-billion-mauritius-oil-spill-claims-shipping-law-loopholes-nightmare/

Shipowners urge for HNS Convention ratification

During the European Shipping Week 2020, shipowners organised an event as part of their ratification campaign of the 2010 International Convention on Liability and Compensation for Damage in connection with the Carriage of Hazardous and Noxious Substances by Sea (HNS Convention).

The event gathered representatives from the IMO, the IOPC fund, the European Commission, Member States as well as industry representatives to speak about the purpose and benefit of the Convention, how the convention will...

https://safety4sea.com/shipowners-urge-for-hns-convention-ratification/

Mexico working on ratifying three IMO legal conventions

The maritime authorities of the Government of Mexico have agreed to place a high priority on ratifying three important IMO legal conventions, following a workshop in Mexico City. These are the 2003 Fund Protocol, the 2001 Bunkers Convention and the 2007 Nairobi Wreck Removal Convention.

Except for these three conventions, Mexico will also consider accession to the 2010 HNS Convention. The Governments of Guatemala and Honduras have expressed similar intent.

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https://safety4sea.com/mexico-working-on-ratifying-three-imo-legal-conventions/