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 8, 2005
USCG port security advisory
A U.S. Coast Guard Port Security Advisory dated Feb. 28 notes that
have not communicated to the International Maritime Organization (IMO) or the U.S. Coast Guard all required information regarding port facility security compliance. The Coast Guard has therefore determined that these countries do not maintain effective anti-terrorism measures in their ports.
Vessels that visited a country listed above during their last five port calls will be boarded at sea and will be subject to other Port State Control measures prior to being permitted to enter a U.S. port. Such measures that may be imposed include operational restrictions, such as daylight transits only, but could be as severe as denial of entry.
If a vessel takes certain steps recommended in the advisory, the vessel's security posture will be considered and reflected in the scope, intensity and duration of the Port State Control measures.The steps include implementing measures in accordance the ship's security plan equivalent to Security Level 2 and ensuring that each access point to the ship is guarded and that the guards have total visibility of the exterior (both landside and waterside) of the vessel while the vessel is in ports in the above countries.