On October 10, 2019, the Marshall Islands was removed from the European Union’s blacklist of non-cooperative jurisdictions for tax purposes.
Daniel Pilarski discusses the US government’s new sanctions on people-to-people cruises in Cuba and their repercussions.
Our authors look at the key issues for shipowners in contracts for the acquisition, transport, installation and commissioning of scrubbers to meet IMO 2020 sulphur requirements.
Following a recent judgment, shipowners will have to ensure that, through its agents and servants, due diligence is exercised to produce a non-defective passage plan that clearly contains the necessary warnings.
The financing structure provides construction financing for the Vessels as well as post-delivery financing in respect of 80% of the total cost of construction of the three vessels.
We advised long-standing client MSC Cruises on the €1.5bn ECA-backed financing for two new Seaside EVO class cruise ships.
WFW advises TUI Cruises GmbH on building contracts for two new InTUItion class passenger cruise ships
To be involved in the negotiation and conclusion of the building contracts for these two newbuilds was a great pleasure for WFW
The deal was particularly innovative in that it comprised financing by means of both a lease-purchase agreement and a loan, as well as sub-participation by the European Investment Bank (EIB).
The “MSC SEASIDE” is due to enter service in December 2017, and will operate year-round to the Caribbean, from a renovated and expanded dedicated berth and terminal at the Port of Miami, Florida, USA.
The ships of over 200,000 gross tons each are due to deliver in 2022 and 2024 respectively.