American Vessel Repair Statute Interpreted

Thursday, October 17, 2002
In a designated test case, the U.S. Court of International Trade ruled that any ad valorem duty imposed on a U.S. vessel repaired in a foreign shipyard is not to include a pro-rata portion of the drydock expenses where the repairs were performed during a dry-docking required to comply with mandatory U.S. Coast Guard and classification society requirements and the period of the dry-docking did not exceed the time necessary to perform the required work. In the instant case, the vessel was dry-docked in Hong Kong to undergo mandatory inspections and modifications required by the Coast Guard and the classification society. While in the shipyard, the vessel also had repairs performed that were subject to the ad valorem duty. It was uncontested, though, that the vessel's time in the foreign shipyard did not exceed the time necessary to perform the required, non-dutiable work. The court held that, since the full expenses of the dry-docking would have been incurred even if only the non-dutiable work had been performed, none of those dry-docking expenses are dutiable. SL Service, Inc. v. United States. Source: HK Law

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

$55M Berth Upgrade in Townsville Port

Townsville contractor CivilPlus Constructions has been awarded the design and construct tender for the primary wharf works component of Port of Townsville’s $55 million Berth 4 Upgrade project.

Container Weighing at Felixstowe Port

The Port of Felixstowe has confirmed that it will offer a container weighing service to ensure UK shippers are able to comply with new international regulations

CMA-CGM and Cosco Alliance in the Offing?

The newly-formed shipping giant China Cosco Shipping Corporation and CMA CGM met recently in Shanghai to discuss the possibility of a new French-Asian alliance, say local Chinese media.

Finance

$55M Berth Upgrade in Townsville Port

Townsville contractor CivilPlus Constructions has been awarded the design and construct tender for the primary wharf works component of Port of Townsville’s $55 million Berth 4 Upgrade project.

Maersk Profit Down 82%

Danish shipping and energy conglomerate Maersk Group delivered a profit of USD 925m for the full year ending December 31st 2015, against USD 5.2bn reported in 2014, a drop of 82%.

I-Tech Gets Large Market Recognition of Selektope

Following the approval of Selektope under the EU’s Biocidal Products Regulation, developer I-Tech reports extraordinary uptake for antifouling coatings that include

 
 
Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0800 sec (13 req/sec)