INTELLECTUAL CAPITAL FOR EXECUTIVES
Sign Up for MarEx e-Newsletter | Contact us
Current Edition >>

>> If you have not received the current edition, and would like a subscription please Click Here to subscribe now.

Friday, November 21st, 2008
Add to Google PressReleases     Articles  
When “Heel” IS Cargo as Opposed to When it is Not

  Court ruling begs for clarification and examples of when “heel” certainly is cargo; MarEx Managing Editor gladly obliges. I read with great interest this week about a case where the US Court of Appeals ruled that cargo left on board a particular vessel was “not cargo for purposes of supporting a maritime tort allegation against a third party that inflicted damage on the ship.” It was all over the maritime news circuit. You probably read the same account and maybe it made perfect sense to you, but from my perspective, I had to read it several times ... < Read More >
Rearranging the Deck Chairs on the Titanic

  GAO scolds Interior Department on failure to encourage Energy Development The U.S. Government Accountability Office has recommended that the Secretary of the Interior “develop a strategy to evaluate options to encourage faster development of its oil and gas leases.” The report to Congress, dated October 2008, goes on to say that the federal department does less than some state and private landowners in this regard. Beyond this, GAO statistics indicate that only 25 percent of all federal offshore leases granted were actually developed over a ten year period under study. To be sure, the study has merit ... < Read More >
U.S. Coast Guard Safety Alerts (2)

  Inspection of Fuel Oil Quick-Closing Valves & Electronically-Controlled Cargo Pump Engine Components •INSPECTION OF FUEL OIL QUICK-CLOSING VALVES The U.S. Coast Guard strongly recommends that owners and/or operators, vessel engineers, marine inspection personnel and others involved with the technical examination of machinery space equipment fully understand the critical nature and importance of fuel oil quick-closing valves (FOQCVs) and associated systems. FOQCV systems must be well maintained and tested in the same way they would be used in an emergency (e.g. close all valves on each system at the same time). Crewmember knowledge, testing, maintenance and repair, system ... < Read More >