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!

February 16, 2005

Response plans for nontank vessels

The Coast Guard and Marine Transportation Act of 2004 sets an August 8, 2005 deadline for owners of nontank vessels to prepare and submit plans for responding to a discharge, or threat of discharge, of oil from their vessels.

The Coast Guard has yet to issue the relevant regulations, but, in the meantime, has issued interim guidance in the form of a Navigation and Vessel inspection Circular (NVIC).

You can access the NVIC here: http://www.uscg.mil/hq/g-m/nvic/NVIC%2001-05.doc.pdf

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