The maritime industry’s integration into the EU Emissions Trading System (EU-ETS) in 2024 remains a challenge for shipping companies concerned: With the prospect of the many more reporting obligations and submission deadlines to come, shipowners are increasingly considering delegation options to manage MRV and EU-ETS obligations effectively. Only last week the German Administering Authority (DEHSt) […]
Kategorie: Maritime Industrie
P&I Letter of Undertaking no acceptable security in Germany
In a recently published decision (RdTW 2020, p. 157), the District Court of Hamburg (court case no. 415 HKO 55/18) ruled that a letter of undertaking from a P&I Club based in the UK is not a suitable form of security. Background: The case decided by the District Court of Hamburg concerned proceedings of a […]