On the 19th of September 2019, our Advocate Zacharias Kapsis of the Shipping Department represented A. Karitzis & Associates L.L.C, attending the first monthly event for 2019 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 Guidance for compliance with the forthcoming EU Ship Recycling (Regulation No.1257/2013) and the Inventory Hazardous Material (IHM). The presentation was conducted by Mr. Nicos Attas, Marine Chief Executive, Marine and Offshore Division Bureau Veritas (Cyprus) Ltd.

The European Ship Recycling Regulation entered into force on December 30th, 2013 to reduce the negative impacts linked to the recycling of ships. It requires both shipowners and yards to take a procative approach to safety and environment protection in ship recycling with a special focus on management of hazardous materials.

One of the main goals of the aforesaid regulation is to enhance safety, protection of human health and of the Union marine environment ensuring that ship hazardous waste is subject to environmentally sound recycling management. All new and existing ships of 500 GT and above, flying EU flag, must comply with European Ship Recycling Regulation.

It is of great importance to be mentioned that 31 December 2020 is the deadline for both the EU flagged existing ships of 500 GT and above to carry on board verified IHM report with International IHM Certificate and for Non-EU ships coming to EU ports to carry on board a verified IHM report with statement of Compliance.