Foreign Ship Rentals Are Now Authorized by the Cabotage Law Approved by the Senate

Written by Valdemar Medeiros

Published on 12/12/2020 at 09:02

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Senate Approves Law That Allows Rental of Foreign Ships for Brazilian Cabotage Services

A bill was approved in the Senate, in the Chamber of Deputies, that progressively allows the use of foreign ships in cabotage navigation, without the obligation to contract the construction of vessels in Brazilian shipyards. Following the publication of the future law, companies in the sector will be able to charter a bareboat, which in this case means renting one or more empty ships for use in cabotage navigation.

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In the Senate, the report by Deputy Gurgel (PSL-RJ) was approved, which extends the transition period for the rental of foreign ships for cabotage purposes from three to four years.

Law Approved by the Senate States That More Than One Ship May Be Rented One Year After the Law Comes Into Effect

Once the law approved by the Senate has been in effect for one year, two ships may be rented; in the second year of effectiveness, three ships; and in the third year of the change, four ships. From then on, the number will be unrestricted, subject to the safety conditions defined in regulations.

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Approved Report by the Senate Dispenses with Authorization for Chartering

Another novelty in the report is the waiver of authorization for chartering a foreign ship for a trip or for a period, to be used in cabotage navigation as a substitute for another ship that is being refurbished in national or international shipyards.

Foreign Ship Rentals Are Now Authorized by the Cabotage Law Approved by the Senate

Senate Approves Law That Allows Rental of Foreign Ships for Brazilian Cabotage Services

Read Also

Law Approved by the Senate States That More Than One Ship May Be Rented One Year After the Law Comes Into Effect

Approved Report by the Senate Dispenses with Authorization for Chartering

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Foreign Ship Rentals Are Now Authorized by the Cabotage Law Approved by the Senate

Senate Approves Law That Allows Rental of Foreign Ships for Brazilian Cabotage Services

Read Also

Law Approved by the Senate States That More Than One Ship May Be Rented One Year After the Law Comes Into Effect

Approved Report by the Senate Dispenses with Authorization for Chartering

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A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

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