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Elias Neocleous & Co LLC | Cyprus | 21 Jul 2021

Cyprus – leading the way to top quality standards for seafarers

Seafarers have played a vital role in keeping supplies flowing throughout the past 18 months, yet many states still fail to recognise them as "key workers". In February 2021 the Cyprus Shipping Chamber, along with many international stakeholders, became a signatory to the 2021 Neptune Declaration, which principally called on all governments to echo the actions of the Cyprus government that......
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Elias Neocleous & Co LLC | Cyprus | 11 Nov 2020

Arrest of ships and orders prohibiting dealings with Cyprus-registered ships

The admiralty division of the Supreme Court recently issued a judgment confirming that a warrant of arrest may be issued only in in rem proceedings against a vessel itself. The case concerned a dispute of the company shareholders which owned the Cyprus-registered vessel Mediterranean Diamond. The sole defendant in the proceedings was the shipowning company.
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Elias Neocleous & Co LLC | Cyprus | 21 Oct 2020

Entry into force of amendments to Code of the Maritime Labour Convention

The Shipping Deputy Ministry recently issued Circular 20/2020, notifying interested parties of the entry into force of the 2018 amendments to the Code of the Maritime Labour Convention 2006. The amendments will enter into force on 26 December 2020. In essence, the amendments aim to provide additional protection to seafarers in the event that they are held captive as a result of acts of piracy......
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Elias Neocleous & Co LLC | Cyprus | 29 Apr 2020

Cyprus ship registry: updates on precautions for mariners in relation to COVID-19

The Shipping Deputy Ministry recently informed the registered owners, charterers, ship managers and representatives of Cyprus-flagged ships of a number of new circular letters issued by the International Maritime Organisation. All owners and managers of Cyprus-flagged ships are advised to take note and implement the measures contained in the circular letters and the interim advice for ship......
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Elias Neocleous & Co LLC | Cyprus | 22 Apr 2020

Shipping Deputy Ministry extends payment deadlines due to COVID-19

In order to support shipping companies and owners of Cyprus-flagged ships and mitigate the difficulties arising from the COVID-19 outbreak, the Shipping Deputy Ministry has extended the deadline for paying tonnage tax for Cyprus ships and the Register of Cyprus Ships annual maintenance fee to 31 May 2020. The ministry has also introduced special arrangements in order to protect public health......
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Elias Neocleous & Co LLC | Cyprus | 25 Mar 2020

Maritime cyber-risk management in safety management systems

The Shipping Deputy Ministry recently issued a circular on cyber risk which recognises the need to raise awareness of cyber-risk threats and vulnerabilities to support safe and secure shipping. 'Maritime cyber risk' refers to a measure of the extent to which a technology asset could be threatened by a potential circumstance or event, which may result in shipping-related operational, safety or......
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Elias Neocleous & Co LLC | Cyprus | 11 Mar 2020

Tonnage tax scheme extended until 31 December 2029

The Shipping Deputy Ministry has issued Circular 1/2020 informing shipowners, charterers and ship managers that, following the formal assessment of the Cyprus tonnage tax scheme, the European Commission has concluded that Cyprus's relevant scheme is compatible with the internal market and in line with the Guidelines on State Aid to Maritime Transport.
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Elias Neocleous & Co LLC | Cyprus | 4 Mar 2020

Coronavirus – possible effects on contracts and precautions for mariners

The Deputy Ministry of Shipping recently issued a circular on measures to minimise the risks of coronavirus to seafarers, passengers and others on board ships and directed interested parties to the International Maritime Organisation's (IMO's) Circular Letter 4204, which provides additional guidance on how to minimise the risks to the maritime industry. All owners and managers of ships flying......
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Elias Neocleous & Co LLC | Cyprus | 6 Nov 2019

New regulations on fees and dues for ocean-going commercial ships

The Shipping Deputy Ministry recently issued the Merchant Shipping (Fees and Dues with respect to Ocean Going Commercial Cyprus Ships) Regulations, which contain the new fees and charges payable for ocean-going commercial ships registered in Cyprus. In particular, the regulations cover fees concerning the registration of ships and other transactions with the shipping registry (eg, ship......
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Elias Neocleous & Co LLC | Cyprus | 21 Aug 2019

Brexit's potential impact on shipping in Cyprus

In an effort to minimise disruption to the shipping industry deriving from Brexit, the Shipping Deputy Ministry has undertaken a number of contingency measures. However, the ministry has emphasised that affected parties must also make their own preparations for the United Kingdom's withdrawal from the European Union and that where new authorisations, licences or certificates will be required......
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