IRS Changes Freight Tax Exemption

Wednesday, July 11, 2007
The US Internal Revenue Service (IRS) issued final, temporary and proposed regulations recently that significantly change certain requirements to claim the exemption from freight tax. In addition, the regulations clarify that certain activities will be treated as "incidental" to international shipping operations, meaning that income from these incidental activities can qualify for the exemption from freight tax. (Source: HK Law)

Legal

MN100: MOPS Marine License Insurance

The Company: Since 1935, MOPS Marine License Insurance has defended the USCG licenses of mariners operating in every maritime sector in the United States. Its network of over 80 maritime law firms,

OSV firm Farstad Continues Restructuring Talks

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Shipbuilding

Abu Dhabi Ship Building Commissions First Floating Dock

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NAT Names 2 New Tankers in South Korea

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Japanese Yards Mull Shipbuilding Alliance

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