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Offshore Winds A Legal Barometer for Marine and Energy Business

Tag Archives: Robert Stefani

Designated Entity Clauses — No Substitute for Knowing Who You Are Dealing With

Posted in Maritime Contracts

With increasing frequency, parties to charters and other maritime contracts are including so-called Designated Entity Clauses or “OFAC” provisions. These clauses have the aim of complying with sanction programs such those administered by the U.S. Office of Foreign Assets Control (“OFAC”) or multi-national organizations such as the European Union or United Nations. But, do the… Continue Reading

Oil Spill Case Shows Need to Screen Chartered Vessels & Operators

Posted in Marine Pollution, Maritime Accidents

A judge’s recent decision on where legal liability lies for a maritime accident which released thousands of gallons of oil into the Mississippi River illustrates the benefits of being proactive in vetting operator quality when chartering vessels. The case involved a July 2008 collision near New Orleans between an oil barge and the vessel TINTOMARA…. Continue Reading

BOEM Finding Advances Development of Mid-Atlantic Offshore Wind Farm; But Tailwinds are Behind Faster Moving Gulf Coast Projects in State Waters

Posted in Energy, Offshore Wind

On May 14, 2012, the Bureau of Ocean Energy Management (BOEM) announced a finding of “no competitive interest” with regard to a proposed right-of-way grant area off the Mid-Atlantic coast for construction of an offshore wind energy transmission line. While BOEM’s decision represents a key step forward for this federal offshore wind farming project, two fast-moving… Continue Reading

A Checklist: What to Expect When Financing Vessel Construction

Posted in Marine Services, Maritime Contracts, Ports & Cargo Shipping

When seeking construction financing for a proposed newbuilding, shipowners should understand and be prepared to address the particular concerns that lenders have in assessing risk and documenting vessel construction projects. When deciding whether to approve a construction financing loan, lenders focus on certain key factors: Does the shipyard have the requisite experience, manpower and financial… Continue Reading