PRESS RELEASE
15 August 2019

Attending The Presentation Hosted By Cyprus Marine Club, Regarding The Impact Of The New Regulations On Shipping And Oil Storage Markets

AK
A. Karitzis & Associates L.L.C

Contributor

A. Karitzis & Associates L.L.C logo
A. KARITZIS & ASSOCIATES L.L.C (“AK”) was originally established in 2007 in the form of a sole proprietorship and in 2012 evolved to a Lawyers Limited Company. AK is a full-service, innovative and forward-thinking Law Firm headquartered in Limassol, the shipping and financial capital of Cyprus, with offices also in Athens, Greece, currently manned by a team of 20 members, including lawyers, other professionals and paralegal staff. It is composed by an experienced, diligent and dedicated team of dynamic professional lawyers, who deal with most of the areas of common-law based Cypriot Law in its adapted form after the accession of Cyprus to the European Union in 2004.
On the 18th of June 2019, our Advocate Zacharias Kapsis of the Shipping Department represented A. Karitzis & Associates L.L.C, attending the monthly event organised by the Cyprus Marine Club, of which our firm is a member.
Cyprus

On the 18th of June 2019, our Advocate Zacharias Kapsis of the Shipping Department represented A. Karitzis & Associates L.L.C, attending the monthly event organised by the Cyprus Marine Club, of which our firm is a member.

The event took place in New Marina, in Limassol, Cyprus and its topic focused on the 'IMO 2020: The Impact of New Regulations on Shipping and Oil Storage'. The presentation was conducted by Mrs Marina Andreou / Customer Service Manager of VTTV. The presentation touched very compelling, hot topic in shipping industry and stimulated a vivid discussion among members of the Club afterwards.

It is worth mentioning that in 2016, the International Marine Organization (IMO) agreed to limit the sulfur content in all marine fuels to 0.5 percent beginning in 2020, with the exception of fuel burned in Sulfur Emission Control Area regions, which are already at lower sulfur limits. The volume of oil demand affected by this change is significant.

Contributor

A. Karitzis & Associates L.L.C logo
A. KARITZIS & ASSOCIATES L.L.C (“AK”) was originally established in 2007 in the form of a sole proprietorship and in 2012 evolved to a Lawyers Limited Company. AK is a full-service, innovative and forward-thinking Law Firm headquartered in Limassol, the shipping and financial capital of Cyprus, with offices also in Athens, Greece, currently manned by a team of 20 members, including lawyers, other professionals and paralegal staff. It is composed by an experienced, diligent and dedicated team of dynamic professional lawyers, who deal with most of the areas of common-law based Cypriot Law in its adapted form after the accession of Cyprus to the European Union in 2004.
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