The concept of piracy has something of a romantic ring to it, with 18th-century rogues such as Captain Kidd, Henry Morgan and others receiving a much more favourable press (not to mention treatment from Hollywood) than they deserve. Many people unconnected with the sea probably think that piracy died out with the age of sail but sadly they are very mistaken.
TT Club has announced a US$23.2 million surplus after tax for its 2005 financial year, marking a further strengthening of its finances and another successful trading period, during which it has increased its leading market share. The result boosted total surplus and reserves by 25.9 per cent to US$112.7 million.
The European court of justice, in handing down its decision in Unamar and Seaport Terminals v Belgium, has clarified the provisions of the EU customs code relating to the responsibility for duty when uncleared goods are lost in storage or transit.
While on the subject of exclusion clauses. we are grateful to our friends at Australian lawyers Phillips Fox for this timely reminder about the importance of proper drafting of such clauses. The following comments are based on Australian law and practice and while the principles are generally applicable in other jurisdictions, members else where should seek legal advice locally on issues of incorporation and validity.
Our colleagues Marcus John and Iain Sharples in Sydney write about the problems of enforcing claims on those (hopefully rare) occasions when ships cause damage to terminal property during berthing/unberthing, loading and discharge operations. Emergency response to any personal injuries or pollution clean up will be of immediate concern but the subsequent financial cost to the terminal can also be substantial.
The Nautical Institute, an international professional body for qualified seafarers and others with an interest in nautical matters, provides a wide range of services to enhance the professional standing and knowledge of its members. One of these services is the maritime accident reporting scheme (MARS), where members can report accidents and nearaccidents confidentially without fear of litigation. Dangerous practices, navigational difficulties and other hazards are thus highlighted in an effort to improve safety.
We remind readers that the US Department of Agriculture's Wood Packaging Material (WPM) regulations for pallets and crates came into effect on 1 February 2006 and that they will be enforced by the US Customs and Border Protection (CBP) inspectors from that date.
Cristina Martinez of the Barcelona law firm Indeco tells us that on 14 January the Spanish government introduced regulations requiring all freight containers to comply with the 1972 Safe Container convention.
