Until recently, there were no specific provisions in the Maritime Authority Rules regulating vessel’s lay-up in Brazil. In the wake of the economic crisis affecting the naval and offshore industries, vessel operators found themselves without contracts and no economic alternatives to save costs on the running and maintenance of vessels while awaiting improvements in market conditions. To bring an alternative to this situation, on 30 October 2017, the Brazilian Navy´s Directorate of Ports and Coasts (DPC) issued Ordinances 306 and … Continue lendo Requirements for vessel lay-up in Brazil