FOLLOWING THE REPORT BY MARITIME NZ INTO A FATAL ACCIDENT NEW REGULATIONS ARE INTRODUCED
In the aftermath of the report published into a fatal accident in which two crew members of the yacht Platino died back in June 2016, Maritime NZ has announced regulatory changes. These apply to safety requirements for recreational vessels leaving New Zealand ports and for other recreational vessels operating in New Zealand waters.
The investigation concluded that many factors came together to cause the accident and the severity of its outcomes. One factor was that the crew, all of whom were experienced sailors, had not trained together for emergencies on board this yacht, and was not sufficiently familiar with its particular equipment.
In response, Maritime NZ Director, Keith Manch, said work is already underway with Yachting NZ to change Yachting NZ’s Safety Regulations of Sailing that are used for safety inspections of all recreational vessels – sailing or powered – bound for overseas.
Maritime NZ requires all such vessels to be certified by qualified Yachting NZ inspectors before than can leave New Zealand. The vessels must get what is known as a Category 1 safety certificate.
Maritime NZ will also be working with Yachting NZ and other boating organisations about a range of technical requirements for vessels’ equipment, and particularly about training for skippers and crew, and vessels operating manuals. While the changes relate to a range of equipment and procedures, at their heart is the preparedness and training of the skipper and crew. The skipper and crew must be familiar with the equipment on board, know how to use it correctly, and know how to respond in an emergency.
LONDON P&I CLUB ONE OF THE FIRST TO DECLARE THEIR STRATEGY IN THE EVENT OF A HARD BREXIT
UK maritime insurer London P&I Club is taking out an insurance policy against the business risks of Brexit by opening a subsidiary in Cyprus. The European market accounts for nearly two-thirds of London P&I’s business, and a Cypriot entity would still be able to operate under EU rules with EU clients in the event that a “hard Brexit” impedes cross-channel transactions.
London P&I, which has been serving the UK’s maritime sector since the dawn of the steamship era, told Reuters that it is now obtaining the necessary licenses from Cypriot authorities and setting up its new operations in the island state. they are one of the first to openly declare their post Brexit strategy.
Britain’s financial services sector relies heavily on a European client base, and it has lobbied heavily for a Brexit deal that ensures continued market access. However, successive British proposals for an open-market agreement for finance have met with disapproval from Brussels.
On Friday, lead EU negotiator Michel Barnier rejected UK Prime Minister Theresa May’s latest plan for post-Brexit financial ties. Her government had proposed a system of “enhanced equivalence” involving mutual recognition of financial regulations between the EU27 and the UK, similar to “equivalence” arrangements that the EU has with the U.S. and Japan. Under May’s proposal, though, the EU would have had to give Britain a longer period of prior notification before any cancellation of the agreement. Barnier told media that this was not acceptable since it would effectively allow the UK to set the terms of an EU policy. “Equivalence” has historically been a trade benefit that Brussels conveys upon its close partners, and the existing arrangements have a one-month cancellation period.
The Report • September 2018 • Issue 85 | 9
Marine News
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