Commenting on a new Spanish decree requiring a 15.2 million-euro financial guarantee before a vessel could enter a place of refuge, ISU president Joop Timmermans said, “the Spanish appear to have learned nothing from the ‘Prestige’ spill.
“It should be obvious that there are situations where the only way to save a laden tanker from severe damage is to grant immediate access to a place of refuge. Indeed, this approach is likely to increase the numbers of lepers of the sea,” Timmermans said in a statement.
The new Spanish rule “could also stand in the way of a salvor attempting to use his best endeavors, as required under the Salvage Convention 1989 and Lloyd’s Form, to prevent pollution. Certainly, a salvor is unlikely to be able to meet a demand for such a guarantee,” he said.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now