shipowners Archives - Fichte & Co Legal

The UK is Dropping Tax-Free Status – Will Shipowners Set Sail for the UAE?

Manik Verma — Fri, 25 Jul 2025 05:50:21 +0000

From April 2025, the United Kingdom will eliminate its long-standing non-domiciled tax regime. The new rules will introduce a residence-based system, taxing global income and gains after a four-year transition period. For many international shipowners, this means the end of a structure that offered flexibility, tax efficiency, and strategic advantages for decades. The reform goes …

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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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The Curious Case of Causation

Chiara De Maria — Mon, 22 May 2023 20:31:40 +0000

‘FULL AHEAD’ ordered the Master on the Bridge, and so the fully laden good old bulk carrier, which has weathered many a storm in its more than two decades at sea, complemented by a seasoned crew, commenced its 14-day sea passage to the discharge port in fair winds and smooth seas, with the main engine …

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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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Civil Liability for Bunker Oil Pollution Damage

Siri Hashem — Mon, 21 Dec 2020 07:21:05 +0000

UAE APPROVES TO JOINING OF THE INTERNATIONAL CONVENTION ON CIVIL LIABILITY FOR BUNKER OIL POLLUTION DAMAGE UAE Federal Law No. 166/2020, issued on 10th November 2020, has approved the joining of the International Convention on Civil Liability for Bunker Oil Pollution Damage 2001 (the “Convention”). In this article, we aim to highlight the most important …

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A Special Analysis on the UAE Maritime Commercial Law

Alessandro Tricoli — Tue, 28 Aug 2018 08:19:49 +0000

A special analysis on the UAE Maritime Commercial Law: The current status and what is needed to be done to improve it In line with government’s vision, the UAE Federal Transport Authority (“the FTA”), being the federal entity responsible for the maritime sector, has adopted a long term strategic plan to transform the UAE into …

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Will The New UAE Maritime Law Serve Shipowners?

Jasmin Fichte — Tue, 05 Jun 2018 03:52:12 +0000

Geographically, as being in the centre of the World, the UAE is arguably an “ideal” Maritime location. As a gateway to Europe and America from the Fareast, one of the largest Ports in the World, state of the art warehousing facilities and a tax-free nation – UAE has much to offer to be a Maritime …

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A Comparison: Emirates Maritime Arbitration Centre and DIFC-LCIA Arbitration Centre

Alessandro Tricoli — Sun, 21 Jan 2018 10:06:32 +0000

Approximately 10 years after the establishment of the DIFC-LCIA Arbitration Centre (“DIFC-LCIA”), the Emirates Maritime Arbitration Centre (“EMAC”) was officially launched. Like arbitrations conducted under the auspices of the London Maritime Arbitrators Association and the Singapore Chamber of Maritime Arbitration, the establishment of the EMAC is symbolic of the UAE’s continued endeavor to keep pace …

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Securing a Drydocks’ Claim

Alessandro Tricoli — Wed, 01 Nov 2017 04:09:45 +0000

Introduction Historically drydocks were seldom facing the problem of obtaining security for the work performed over a vessel. Due to a general retention right recognized nearly worldwide, the payment was in fact made before the vessel was leaving the drydocks. However, in the current market, many shipowners are asking for delayed payment terms and it is …

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