News & Analysis as of

Risk Management Maritime Transport Vessels

Warner Norcross + Judd

Batten Down the Hatches — Appropriate Insurance Protection for Your Vessel

It’s the time of year every boat owner looks forward to — getting their prized possession in the water and prepping it for the season ahead. But, aside from the cleaning and equipment checks, it is also important to regularly...more

Warner Norcross + Judd

Buying a Yacht? Navigating the Legal Waters

Warner Norcross + Judd on

The purchase of a yacht is a significant financial investment that requires navigation of a multitude of legal issues. Consultation regarding these issues, as well as tax, liability protection and venue location, should all...more

Baker Botts L.L.P.

Enhancing Compliance in the Maritime Shipping Industry

Baker Botts L.L.P. on

Today, the US Department of the Treasury's Office of Foreign Assets Control ("OFAC") issued an OFAC Compliance Communiqué: Sanctions Compliance Guidance for the Maritime Shipping Industry designed to aid maritime sector...more

K&L Gates LLP

Biden Administration Takes Actions to Bolster Maritime Cybersecurity in the US Maritime Domain

K&L Gates LLP on

The maritime industry is undergoing a significant transformation that involves increased use of cyber-connected systems, coinciding with increased nation-state and cybercriminal targeting of cyber systems in ports and...more

Venable LLP

Freight Forwarders and Common Carriers: As You Look Ahead to 2024, Do You "Know Your Cargo"?

Venable LLP on

As federal regulators have recently made clear, steamship lines, non-vessel-operating common carriers, indirect air carriers, freight forwarders, and others involved in the global movement of cargo must ensure that their...more

Baker Donelson

Guidance for the Kubernetes – Updated Coast Guard Compliance Timeline on Work Instruction for Cyber Hygiene on Vessels

Baker Donelson on

Nearly a year after issuing its most direct broad-scale guidance on maritime cybersecurity in the context of certain shoreside facilities, the U.S. Coast Guard has followed up with guidance and compliance parameters for...more

K2 Integrity

Shift to Open Account Trade Highlights Evolving Risks in the Maritime Sector

K2 Integrity on

In recent years, importers, exporters, and their financial institutions have shifted away from traditional, document-based trade finance instruments and toward non-documentary, “open account” settlement through clean wire...more

Robinson+Cole Data Privacy + Security Insider

Cyber Intelligence Facility in Port of Los Angeles to Thwart Maritime Threats

The maritime industry is an enticing target for hackers. The Port of Los Angeles (the Port) alone facilitated about $276 billion in trade last year, and the International Chamber of Shipping estimated that the total value of...more

Morrison & Foerster LLP

Following U.S. Lead, UK Office Of Financial Sanctions Implementation Issues Maritime Guidance

Much of the world’s focus is on the COVID-19 pandemic, and rightfully so, but sanctions regulators also have their gazes fixed on another issue: the maritime industry. On May 14 2020, we saw the U.S. Departments of State and...more

Cozen O'Connor

U.S. Government Issues Sanctions Advisory for the Maritime Industry and Energy and Metals Sectors

Cozen O'Connor on

On May 14, 2020, the U.S. Department of State, U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the U.S. Coast Guard jointly released a Sanctions Advisory for the Maritime Industry, Energy and...more

Blank Rome LLP

Mainbrace: October 2017 (No. 4)

Blank Rome LLP on

Note from the Maritime Industry Team - Large sectors of the maritime industry—especially offshore—remain in the doldrums, but it nonetheless has been a busy few months for our Blank Rome Maritime group. Our Washington,...more

Baker Donelson

Maritime Cybersecurity Inland and Offshore – Avoiding “Paid Spies and Secret Confidential Agents on the Water of the Devil” and...

Baker Donelson on

The past eighteen to twenty-four months have seen a tectonic shift of focus (as well as a plethora of industry-generated white papers) by virtually every governmental regulatory entity, NGO, and industry group in the maritime...more

Robinson+Cole Data Privacy + Security Insider

Marine Industry White Paper: Cybersecurity Risks With Voyage Data Recorders

The maritime industry is not immune from cybersecurity risks. Navigation, product supplies and deliveries, radar systems and GPS systems are all digital and connected in today’s world, and can be subject to hacking and...more

Robinson+Cole Data Privacy + Security Insider

International Maritime Bureau warns of cyber attacks

Following the issuance of Plymouth University Maritime Cyber Threats Research Group study on the risk of cyber threats, the International Maritime Bureau (IMB) recently issued a warning to shipping and maritime companies to...more

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