All Legal, Regulatory & Compliance articles – Page 11
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EU shows willingness to resolve trade issue, including retaliatory boat tariffs
NMMA applauds the move
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Spanish refit yard launches TPA service for non-EU vessels
Spanish refit and repair yard Varadero Valencia has launched a new TPA tax management service that allows non-EU owned and flagged vessels to avoid paying 21% VAT on repairs and maintenance, regardless of whether they are clients or not.
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Princess X95 receives UK’s first RCR certificate of conformity
The UK’s Princess Yachts has become the first boatbuilder to receive a UKCA RCR certificate of conformity from HPi-CEproof for its Princess X95 model.
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No significant movement on trade expected early from Biden administration
Don’t expect any significant movement on trade in the first 100 days of US President Joe Biden’s new administration, as the focus of the White House becomes the Covid-19 pandemic, the economy and the environment – three areas that have and will continue to affect the US recreational boating industry, ...
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Wake surf challenges in US “a perennial threat”
A move in the state of Virginia to keep wake surf boats 200ft from shore failed to gain enough support for full consideration by the legislature, but across the US in the state of Oregon, a decision is expected tonight to ban all tow sports on a 20-mile stretch of ...
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OXE Diesel engines receive EPA approval for 2021 model year
The OXE Diesel engine series (OXE125-200) from Sweden’s OXE Marine AB has received approval from the US Environmental Protection Agency (EPA) for the 2021 model year. In line with OXE Marine’s ambition to transform the outboard motor, impacting the journey towards a more sustainable and ecologically positive marine environment, OXE ...
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EU: Post-Trump era signals US rejoining ‘circle of like-minded states’
Eliminating tariffs for industrial goods is high on the EU’s agenda
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Leading classification society announces name change
DNV GL will change its name to DNV from March 1
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UK boating industry: EU trade deal welcome, but more work to do
While British Marine, the trade body for the UK leisure marine industry, has welcomed the trade deal with the EU, it has warned that more work needs to be done and additional guidance is required from government in order to allow supply chains to operate as seamlessly as possible.
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IMCI opens UK office to certify recreational boats meet UKCA mark
The Brussels-based International Marine Certification Institute has founded IMCI (UK) in Liverpool to ensure that recreational boats placed on the British market meet the country’s post-Brexit technical, safety and environmental standards.
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HPi-CEproof becomes first Approved Body to issue new ‘UKCA mark’ certificates
UK-based marine compliance specialist HPi-CEproof is to auction what it says is the first UKCA RCR certificate of conformity for charitable causes.
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Brexit agreement hangs in the Balance
A preview the leading article in IBI`s forthcoming issue has publisher Nick Hopkinson hoping for a workable Brexit agreement
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Positive EU-US vibes raise hopes for removal of boat tariffs
Partners in the trans-Atlantic boat business are becoming increasingly hopeful that a renewed era of cooperation between the US and Europe will lead to an easing of trade tensions and tarrifs – particularly those imposed on the import of American-built boats into the EU. But second-stage tariff increases loom if ...
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Trade, tariffs and the environment likely lead Biden agenda
While getting control over the rapidly escalating Covid-19 infection rate and accompanying economic woes will be his new administration’s number one priority, the environment, trade and tariffs are likely to be among the top agenda items of the incoming Biden administration, according to a panel of marine industry Capitol Hill ...
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French boat leasing tax changes met with surprise
The French boating industry is at odds with a change in the application of VAT rules on pleasure boats purchased for hire with an option to purchase, which will impact boat rentals as well as boat purchases financed through leasing arrangements. Announced by the French government this ...
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International boating community urges US, EU trade officials to remove tariffs on boats
Three marine industry associations – the National Marine Manufacturers Association (NMMA) in the US, the global International Council of Marine Industry Associations (ICOMIA) and European Boating Industry (EBI) – sent a letter to US and EU trade officials last week, urging them to reach an agreement that removes the EU’s ...
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US rescinds latest 10% tariff on Canadian aluminium
The new tariff announced on August 16 was withdrawn late Tuesday, hours before Canada was to implement its own $3.6bn in retaliatory levies
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UK to accept CE-certified products until end of 2021
IMCI, the Brussels-based International Marine Certification Institute, today issued a statement to say that all products that are certified under the Recreational Craft Directive (RCD) by IMCI will be able to be placed on the UK market with the CE mark until 1 January 2022.
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Two arrested for fraud linked to yacht-building business
Two South Africans have been charged with fraud in relation to Tag Yachts, a custom catamaran builder based in the Eastern Cape
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Popular cruising destinations impose stricter rules
The Seychelles and Maldives have both tightened restrictions on cruising yachts – one for regulatory purposes and the other for Covid-containment