All Legal, Regulatory & Compliance articles – Page 18
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NewsMarshall Islands revises Yacht Code
An initiative to update and amend the Republic of the Marshall Islands Yacht Code (RMIYC) is currently in progress with the launch of the new revised edition anticipated for the second half of 2021.
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NewsGreece introduces new rules for yachts
The Greek Maritime Ministry has announced new regulations for the operation of yachts and pleasure craft which come into force today and will last through to June 15, 2020.
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NewsFischer Panda obtains NMEA 2000 certification
Marine diesel generator specialist Fischer Panda has gained NMEA 2000 certification, enabling it to mark its compatible xSeries and iSeries generators with the NMEA logo.
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NewsHexcel obtains DNV GL type approval
Hexcel, the US supplier of advanced composite materials to the marine and other markets, has announced that its HexPly M79 prepreg materials have achieved Type Approval Certification from DNV GL.
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NewsEU roadmap for lifting of COVID-19 containment measures
The European Boating Industry association (EBI) has provided the following update from the EU recommending a coordinated approach to lifting Coronavirus restrictions across the region
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NewsABYC updates USCG guide, solicits input for future standards updates
Standards updates applicable to all companies building boats for the US market
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NewsWhat the US$2 trillion relief package means to the boating industry
With over half the US under ‘stay at home’ orders from state or local governments, President Trump has signed a US$2 trillion economic relief package aimed at workers and businesses of all sizes, while separate action has seen additional action on tariffs. The package allows businesses to delay payment of ...
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NewsCanada passes USMCA trade agreement into law
The Canadian government passed legislation on Friday ratifying the new US-Mexico-Canada Trade Agreement (USMCA) before shutting down until April 20 as a result of the developing Covid-19 coronavirus pandemic.
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NewsEuropean Boating Industry welcomes EU Industrial Strategy
EBI secretary general Philip Easthill: Smaller companies are the ”backbone” of European industry European Boating Industry (EBI) has responded to the release yesterday of the European Commission’s flagship Industrial Strategy and SME Strategy, saying that it welcomes their potential to ”support the recreational boating industry in Europe ...
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NewsNMMA Canada lobbies parliamentarians in bid to head off luxury tax
Representatives from NMMA Canada and regional boating trade associations nationwide descended on the Canadian national capital on Thursday in a coordinated lobbying effort aimed at convincing legislators to rethink a proposed 10% luxury tax on boats of more than $100,000.
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Boating community sinks Virginia boat tax
Efforts by the Prince William County, Virginia Board of Supervisors to reinstate a 20-year-old boat tax were dead in the water when more than 100 boat owners and business people voiced opposition at a public hearing Tuesday night.
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NewsCRN M/Y 137 achieves IMO Tier III certification
CRN, a Ferretti Group brand, has become the first shipyard in Italy to receive IMO Tier III certification for its CRN M/Y 137, a 62m fully custom steel and aluminium megayacht that is soon to be de
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NewsEU warns Malta over incorrect VAT on yacht leases
The European Commission has sent an additional letter of formal notice to Malta whose authorities it accuses of not levying the correct amount of the value-added tax (VAT) on the lease of yachts. Brussels claims that Valetta failed to properly modify its tax system in response to earlier requests by ...
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NewsNew York State considers ‘wealth tax’
Face with budget shortfalls and looking to fund an ambitious new program, Democratic lawmakers in New York state are gaining support for tax proposals aimed at its wealthiest residents, which include a rollback of sales tax exemptions on megayachts and private airplanes.
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NewsInternational trade still holds challenges for recreational marine industry
Despite a flurry of recent positive activity on the trade front, the US recreational boating industry continues to face what the National Marine Manufacturers Association (NMMA) calls “serious challenges”. In a trade update to its members, NMMA wrote: “While NMMA is encouraged with the recent ratification of the United States-Mexico-Canada ...
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NewsSpinlock gains Maritime NZ approval
Spinlock inflatable lifejackets have gained Maritime NZ approval for use on both commercial and recreational vessels in New Zealand.
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NewsUS/China trade deal keeps tariffs in place, Senate set to approve USMCA
The US and China are expected to sign a “phase one” trade deal today that would keep tariffs in place on some US$360bn in Chinese goods until after the US presidential election in November, while the United States Senate is expected to approve the US-Mexico-Canada (USMCA) trade pact on Thursday.
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California couple sues City over destroyed boat
Couple allege boat was unlawfully seized as part of a government program to clean up derelict vessels - federal law suit alleges many more vessels involved
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