TAX CONFERENCE

The recently enacted "American Jobs Creation Act" gives significant tax breaks to a number of U.S. industries--including shipping.

MARINE LOG and BLANK ROME will present a senior level seminar CHANGES IN U.S. TAXATION OF SHIPPING INCOME in Stamford, Conn. on April 5 & 6, 2004

Make sure you know how the new tax rules work!

March 2, 2005

USCG Guidance on MARPOL phase out

The April 5, 2005 implementation date is nearing for MARPOL 13G and 13H.

Because the U.S. has not signed onto the accelerated phase out schedule for single hull tankers required by MARPOL Annex I amended regulations 13G and 13H, some U.S.-flag tankers will still have some life left under the OPA 90 phase out, but will not be in compliance with MARPOL.

What happens if any of these ships need to visit nations that enforce the MARPOL requirements?

The U.S. Coast Guard has issued a guidance. You can access it here:http://www.uscg.mil/hq/g-m/moc/Pol0411.pdf

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