NEWSLETTER No.

08/14
Regulations of the Peoples Republic of China on the
Prevention and Control of Marine Pollution from Ships
10th December 2014

Our last Newsletter No.1/13 on this subject was issued on 7th January 2013 and
attached the International Groups recommended spill response contract wording
to be entered into with an approved ship pollution response company (SPRO) with
the footer IG Sample Agreement dated 20th November 2012.
With some two years passing since the drafting of this agreement the International
Group has, after discussions with various interested parties and the in light of
experience gained over these last two years, now issued a new agreement with
the footer IG Sample Agreement dated 20 November 2014 which we attach with
this current Newsletter.
The wording of the new recommended contract remains consistent with the
Regulations and the MSA's Detailed Rules, and takes account of concerns raised
with regard to the payment period to SPROs under contract for undisputed sums
during the course of an incident, whilst ensuring that the period continues to
provide sufficient time to check invoices and documentation provided as evidence
of costs incurred.
Owners who will be signing new spill response contracts with SPROs in the near
future are recommended to sign their agreements on the basis of the new IG
recommended contract wording. Owners who have existing valid contracts
already in place with footer "IG Sample Agreement dated 20th November 2012"
are not required to enter into contracts with the new wording prior to their expiry.

As in previous years any requests to agree to a variation of the recommended IG

agreement should be referred to the relevant P&I club prior to signing with the
SPRO to ensure that such variations do not cause the contract to fall outside the
scope of the IG Guidelines. We remain at your disposal for any further
information or clarification that may be required on this subject.

This Newsletter, and our information archive, can also be accessed at

www.plferrari.com

P. L. Ferrari & CO. S.r.l.

GENOA

MONACO

PIRAEUS

NAPLES

ISTANBUL

LONDON

NEW YORK

(an exclusive cooperation with Crystal and Company)

This newsletter is intended solely as an overview of the Marine market and does not constitute any form of advice. It is based on sources believed to be accurate at the time of
printing and we cannot be held liable for the omission or inaccuracy of any information within the newsletter.