Maritime Archives - Fichte & Co Legal

Essential Guide to Registering Your Yacht in the UAE

Carola Uva — Fri, 16 Aug 2024 07:38:36 +0000

In the UAE, maritime activities are regulated by distinct legal frameworks tailored to accommodate different types of vessels and demands of different shipowners and ship operators. While the rules for registering a commercial vessel are provided for by the UAE Federal Decree Law No. 43/2023 (the New Maritime Law), the rules for registering a yacht …

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Federal Decree Law No. 43 of 2023 regarding Maritime Law – Download your translation here

Chiara De Maria — Mon, 18 Dec 2023 06:20:40 +0000

The Ministry of Energy and Infrastructure (MOEI) has unveiled the forthcoming Federal Decree-Law No. 43 of 2023 regarding Maritime Law (the “2023 Maritime Law”), slated to come into force from March 2024. This legislation marks a significant departure from the current maritime law, ushering in substantial modifications that will reverberate across the shipping, legal, and …

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A New Era for The Shipping Sector in the UAE

Shehab Mamdouh — Wed, 22 Nov 2023 07:30:40 +0000

A New Era for The Shipping Sector in the UAE The Ministry of Energy and Infrastructure (MOEI) has unveiled the forthcoming Federal Decree Law No. 43 of 2023 regarding Maritime Law (the “2023 Maritime Law”), slated to come into force from March 2024. This legislation marks a significant departure from the current maritime law, ushering …

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Insurers adopt the Poseidon Principles for Marine Insurance

Shehab Mamdouh — Wed, 19 Jan 2022 11:35:46 +0000

On 15th December 2021, six of the world’s leading marine insurers have publicly launched Poseidon Principles for Marine Insurance to keep the focus on the shipping industry’s progress towards decarbonization. In fact, this ground-breaking initiative makes marine insurance unique to establish a sector-specific methodology to support the reduction and elimination of carbon emissions. Moreover, this …

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Dissolution of EMAC and its effects on the business community

Dr. Laura Voda — Wed, 22 Sep 2021 03:33:30 +0000

On September 14 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, issued Decree No. 34 of 2021 (“Decree”) regarding the Dubai International Arbitration Centre (DIAC). The Decree dissolves Emirates Maritime Arbitration Centre (EMAC) and replaces it with the Dubai International Arbitration Centre (DIAC), …

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Is it going to be the end of abandoned vessels in UAE waters?

Jasmin Fichte — Wed, 07 Jul 2021 03:53:31 +0000

Recently, we have witnessed the massive development in the UAE maritime industry; the UAE has acceded to two major international conventions, namely the 1996 Protocol on Limitation of Liability (“LLMC“) and the 2001 International Convention on Civil Liability for Bunker Oil Pollution Damage (“Bunker Convention”). Further, negotiations are carried out for the ratification of the …

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8 Things to know about the International Convention on Civil Liability for Bunker Oil Pollution Damage in the UAE

Jasmin Fichte — Wed, 30 Jun 2021 04:10:27 +0000

The UAE recently approved the accession to the International Convention on Civil Liability for Bunker Oil Pollution Damage, 2001 (the ‘Bunker Convention’), which has entered into force in the territory of the UAE on 23rd June 2021. This is another step showing the dedication of the UAE to implement the IMO’s Liability and Compensation Regime …

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Fichte & Co Partners are now appointed as Special Agents of the Liberian Maritime Authority

Jasmin Fichte — Thu, 27 May 2021 07:54:37 +0000

Fichte & Co, a leading UAE based lawfirm, is delighted to announce that Jasmin Fichte, its Managing Partner, and Alessandro Tricoli, its Partner and Head of Shipping Department, have been appointed as Special Agents of the Commissioner of the Liberian Maritime Authority of the Republic of Liberia to render maritime and corporate services. With this step, Fichte …

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Limitation of Liability for Maritime Claims (LLMC) Convention and Applicability in the UAE: 10 Things to Know

Jasmin Fichte — Thu, 29 Apr 2021 02:57:03 +0000

Introduction The UAE has recently ratified the 1996 Protocol to the 1976 Convention on Limitation of Liability for Maritime Claims (LLMC) and this protocol will enter into force on the 23rd of May 2021. What this will mean for the maritime industry and the applicability of the LLMC Convention and the respective Protocol in the …

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Right of Arrest Under UAE Law for Unpaid Bunker Suppliers

Siri Hashem — Tue, 22 Dec 2020 03:37:58 +0000

Time charterers and demise charterers are usually responsible for supplying the chartered vessel with bunker supplies for the term of the charterparty. Bunker supplies are often supplied on credit terms with a delayed term for payment following the delivery of the bunkers. During difficult market conditions, it is not uncommon for charterers to become insolvent …

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