Reforms set to ease shipping costs

Article Abstract:

Germany is planning to implement shipping industry reforms that are aimed at reducing the tax burden imposed on the nation's vessels and alleviating their high manning costs. The reforms, which will be implemented at the beginning of 1999, includes a Tonnage Tax that is touted to be better than the previous tax on profits system. The revised crewing regulations will reduce the required number of German nationals in the ship's roster and allow shipowners to save as much as DM170 million ($104 million) in annual costs.

Industry Overview, Germany, Economic policy

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Liability for delivery if no bill of lading

Article Abstract:

Two English High Court rulings on separate cases demonstrate that shipowners can be held liable for the loss of goods at the port of discharge. The cases, which involved the bulk carriers Somovskiy and Ines, dwelled on whether shipowners were in breach of their contractual duty not to deliver cargo without production of bills of lading. Under the rulings, the English High Court stated that shipowners have an obligation to hold on to the goods until the bills of lading are produced.

Cases, Bills of lading

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