Italian VAT law has recently been changed so that the place of supply of services relating to the leasing and chartering of a yacht is now the place where the leased or chartered yacht is actually used by the customer.
Offshore Wind and Shipping – The importance of the interplay between Shipbuilding Contracts and Charters
While 2020 proved to be a challenging year for offshore oil and gas markets, the same cannot be said about offshore renewables, which saw substantial growth. Offshore renewable projects achieved an estimated record project sanctioning of US$56bn, which, for the first time, represents a higher amount than offshore oil and gas.
This article looks at a recent English Commercial Court decision on whether a vessel was off-hire when she was arrested by a third party.