Singapore Aims to Incentivize Environmental Protection During Salvage Ops

MarineLink
Monday, May 4, 2020

A statement from a Singapore Ministry of Law spokesperson outlines details of  a Bill for read in Parliament today regarding maritime salvage:

The Singapore Ministry of Law will table the High Court (Admiralty Jurisdiction) (Amendment) Bill (“the Bill”) for First Reading in Parliament on 4 May 2020. The High Court (Admiralty Jurisdiction) Act is the primary legislation on admiralty jurisdiction in Singapore. 

The Bill will extend the Singapore High Court’s admiralty jurisdiction to special compensation claims arising from salvage operations which prevent or minimize environmental damage, even if the ship or its cargo are not saved. Salvors may hence enforce such special compensation claims by way of actions in rem (i.e. against a ship).

The Bill complements Singapore’s upcoming accession to the International Convention on Salvage, as well as earlier amendments to the Merchant Shipping Act. By placing special compensation claims on the same footing as traditional salvage claims, the Bill will incentivize salvors to protect the environment during salvage operations.

Categories: Legal Government Update Legal Beat

Related Stories

Lloyd's Insurers Expect Moderate Baltimore Bridge Claims

Russia Reinsurer Backs Firms to get India Marine Insurance Permit

IMO's Facilitation Committee Revised MASS Roadmap

Current News

Port Operator JSW Infrastructure Q4 Profit Rises 10%

The Nordic Maritime Forum 2024 will happen in Oslo

Renewable Energy System Dedicated at Port of Long Beach

Long Term Rates Edge Up Globally as Red Sea Conflict Continues

Subscribe for Maritime Logistics Professional E‑News