All Legal, Regulatory & Compliance articles – Page 12
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Pressure mounting on Cayman Islands to enact boating regulations
Pressure from assembly could see host of boating regulations passed in 2016 finally enacted into law
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US-China trade war intensifies
Tariff increases, demands for US manufacturers to leave China cap wild weekend of trade rhetoric
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Trump blinks on new tariff threat
US President Donald Trump has softened his position on a threat made earlier this month to levy a new 10% tariff on US$300bn worth of Chinese goods not already subject to existing tariffs.
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UK-based law firm to open Monaco office
HFW, the UK-based international law firm, has announced that it is boosting its global yacht practice with the launch of a Monaco office. It will be staffed by a team led by partner Andrew Charlier, former global head of yachts at Ince & Co.
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China Section 301 Tariffs list 3 exclusion process opens Sunday
Web portal for submitting exclusion requests will open at mid-day on Sunday, 30 June,
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Yeargin: Tariffs hurting Floridians US$178m so far
In his latest salvo against the Trump Administration’s tariff wars, Correct Craft president and CEO Bill Yeargin warns the President’s policies are hurting both his economic gains and the very people he is trying to help.
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Trump defends Chinese tariffs
President Donald Trump continues sabre rattling on the trade war front, threatening more tariffs on China while defending the tariffs his administration has put into place globally, while the Chinese are allegedly avoiding tariffs on some goods by way of Vietnam.
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New Zealand drops daily anchorage fee
Auckland Council has dropped a proposed daily anchoring fee that would have seen superyachts and other foreign-flagged vessels of over 40m billed each time they anchored within Auckland’s navigable waters. Industry association NZ Marine worked closely with the Council to ensure the tax was dropped.
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Greece implements new yacht cruising tax
The Greek government has implemented its new cruising tax, also called the TEPAI, which was initially set to be introduced in early April. The news was issued by the UK-based Cruising Association (CA), many of whose members will likely be visiting Greek waters later this year.
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Italy’s Customs Agency clarifies procedure for visiting yachts
UCINA talks continue as ‘verbal declaration’ agreed for beginning of temporary admission period for yachts visiting from outside EU
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Industry braces for impact of Tier III NOx emission regulations
Key proposals to diminish impact of emissions regulations for boats over 24m under scrutiny this week
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Canada rescinds 10% tariff on US-made boats
Removal of retaliatory tariffs seen as a critical first step toward elimination of US section 232 tariffs and ratification of USMCA trade agreement
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US senator links end to aluminium & steel tariffs to passage of USMCA
Charles Grassley calls for the end to the Section 232 aluminium and steel tariffs targeting Mexico and Canada
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US Treasury Secretary: negotiations with China in “final lap”
Deal could be reached by end of June
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Trade Court rules Trump has authority on steel and aluminium tariffs
Trump administration currently deciding whether to impose tariffs on auto imports
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More details emerge on Turkish charter crisis
As reported yesterday, Turkey appears to be prepared to ban foreign-flagged boats from operating as charter vessels in Turkish waters for the 2019 season. IBI has learned additional details from local sources about the sudden shift of policy, including a yacht charter firm active in the country for many years. ...
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Legal hurdles facing Russia's boating market
Boat show session highlights the regulatory challenges facing development of leisure boating in Russia
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Centralised electronic boat registration to take effect in Italy this month
Plans by Italian marine industry association UCINA to introduce a centralised electronic register for recreational boats is to take effect on March 14, 2019. The move follows a three-year commitment by UCINA to introduce simplified rules and transparency.
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Survey reveals US boating industry policy priorities
A survey of US boating industry manufacturers resulted in over 1,500 responses to the National Marine Manufacturers Association’s (NMMA) first-ever boating industry policy survey, identifying and prioritising the top policy issues for the coming year. The responses exceeded the trade group’s original projections.
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Cayman Registry continues to dominate world superyacht fleet
The Cayman Islands Shipping Registry (CISR) continues to dominate the flagged superyacht market, according to the latest CISR statistics.