Third Quarter Report –Venezuela –

Boletines, Derecho Maritimo
Derecho Marítimo Third Quarter Report –Venezuela – I.NEWSThis section highlights excerpts of relevant press releases and brief comments on our views regarding such."Trinidad and Tobago will survey the NABARIMA vessel, stranded in the Gulf of Paria“The Ministry of Energy of Trinidad and Tobago and the government of Venezuela agreed to allow access to surveyors to the Nabarima, located in the Gulf of Paria.The purpose is to verify that the vessel has indeed been stabilized and that oil leaks do not pose a threat, as reported by the Venezuelan government.The Venezuelan-flagged M/V Nabarima contains about 1.2 million barrels of oil and belongs to the joint venture PetroSucre, operated by the state-owned Petróleos de Venezuela S.A. and the Italian company ENI as a minority stakeholder.https://www.elnacional.com/economia/trinidad-y-tobago-inspeccionara-el-buque-nabarima-varado-en-el-golfo-de-paria/"Curacao leased storage tanks to replace contract with…
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Reporte Segundo Trimestre 2020 – Venezuela –

Boletines, Derecho Maritimo
Derecho maritimo Reporte Segundo Trimestre 2020 –Venezuela – I.NOTICIASEsta sección destaca extractos de comunicados de prensa relevantes y breves comentarios sobre nuestras opiniones al respecto.““El gobierno de Guaidó introdujo nuevas acciones legales para proteger a Citgo del régimen””Los representantes del gobierno de Juan Guaidó, comparecieron ante un Tribunal de Delaware para oponerse a la venta de las acciones de CITGO. La empresa Crystallex busca una compensación por la expropiación realizada por el Presidente Hugo Chávez en 2008 de las minas "Las Cristinas".Esta acción tuvo lugar después de que un Tribunal de Delaware casi permitiera la venta de las acciones de CITGO para satisfacer la deuda de Venezuela. El principal demandante y acreedor de las acciones es Crystallex, aunque ConocoPhillips tiene un reclamo por separado. El gobierno de Juan Guaidó depende…
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COVID-19 Venezuela: Guidelines by Maritime Authority for the mobilization of Seafarers

Boletines, Derecho Maritimo
Derecho Maritimo COVID-19 Venezuela: Guidelines by Maritime Authority for the mobilization of Seafarers A decision amidst the Decree of State of Alarm and based on recommendations of the International Maritime OrganizationFollowing Decree No. 4.160, published in the Official Gazette No. 6.519 dated 13 March 2020, by means of which the State of Alarm was declared to attend the COVID-19 emergency, as amended and extended, and in accordance with the recommendations made by the International Maritime Organization (IMO), the Venezuelan Maritime Authority, National Institute of Aquatic Spaces (INEA by its acronym is Spanish), issued Circular No. 14 dated April 27, 2020 named “Guidelines for the mobilization of seafarers and personnel associated with the Ship-Port interface in view of the pandemic caused by the coronavirus COVID-19 ”. This guideline includes:1.Definition of “Key…
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Regulations on Ship-to-Ship Hydrocarbon Operations within the Venezuelan Jurisdiction (Administrative Act 333)

Boletines, Derecho Maritimo
On 27 April 2020, the Venezuelan Maritime Authority announced via Administrative Act the “Regulations applied to ship-to-ship hydrocarbon operations within the Venezuelan jurisdiction” (“The Regulation”). The Regulation provided the conditions, limitations and security procedures for the ship-to-ship transfer of hydrocarbons in anchorage areas, and generally in all jurisdictional waters of Venezuela. On 27 April 2020, the Venezuelan Maritime Authority announced via Administrative Act the “Regulations applied to ship-to-ship hydrocarbon operations within the Venezuelan jurisdiction” (“The Regulation”). The Regulation provided the conditions, limitations and security procedures for the ship-to-ship transfer of hydrocarbons in anchorage areas, and generally in all jurisdictional waters of Venezuela. Transshipment operations are only authorized for vessels over 150 GT. The Regulation also excludes: The transshipment of hydrocarbons related to fixed or floating offshore platforms, including drilling units,…
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Consideraciones a la Providencia Administrativa 333

Boletines, Derecho Maritimo
Este 27 de abril, el Instituto Nacional de los Espacios Acuáticos (INEA) ha dictado una Providencia Administrativa con objeto de establecer las “Normas para regular las operaciones de trasbordo de hidrocarburos buque-buque en aguas jurisdiccionales venezolanas”. Esta Providencia prevé las condiciones, lineamientos y medidas de seguridad que deberán adoptarse para la transferencia de hidrocarburos buque a buque dentro de las Zonas Especiales de Fondeo y, en general, en todas las aguas jurisdiccionales venezolanas. Dichas operaciones solo podrán ser efectuadas por buques tanqueros a partir de las 150 UAB. La normativa excluye de su aplicación: La transferencia de hidrocarburos relacionadas con plataformas fijas o flotantes, incluidas las plataformas de perforación, las instalaciones flotantes de producción, almacenamiento y descarga (IFPAD) utilizadas para la producción y almacenamiento de hidrocarburos mar adentro y las…
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First Quarter 2020 Report

First Quarter 2020 Report

Boletines, Derecho Maritimo
I.  NEWS This section highlights excerpts of relevant press releases and brief comments on our views regarding such.  “Rosneft sells its assets in Venezuela to the Government of Russia”  Russian oil company, Rosneft, announced it was to cease operations in Venezuela and the sale of all their assets to a company 100% owned by the Russian government. All their assets and business operations in Venezuela will be liquidated or sold.  This decision arose as a consequence to the sanctions imposed by the United States Treasury Department on their subsidiary, Rosneft Trading and its President Didier Casimiro, after being accused of negotiating the sale and transportation of Venezuelan crude.  After the announcement on sanctions, PDVSA shifted several shipments that were previously assigned to Rosneft Trading, which will now be carried by…
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Actualización de Conceptos Pagaderos en “Petros” al INEA

Actualización de Conceptos Pagaderos en “Petros” al INEA

Boletines, Derecho Maritimo
El Instituto Nacional de los Espacios Acuáticos establece una actualización a la regla respecto al pago en el criptoactivo Petro, según la cual el 15% de los pagos por Agencias Navieras en el caso de toques de buques extranjeros será pagadero en Petros, y el resto de losconceptosseráliquidadoenEurosypagaderoenBolívares. En caso de consultas por favor no duden contactarnos. Clyde & Co Caracas Clyde & Co Caracas LLP All rights reserved www.ClydeCo.com Ver PDF
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(English) Fourth Quarter Report Venezuela December 2019

(English) Fourth Quarter Report Venezuela December 2019

Boletines, Derecho Maritimo
I. NEWS   This section highlights excerpts of relevant press releases and brief comments on our views regarding such.  “Curaçao will terminate contract with PDVSA to operate the refinery in the island”   The government of Curaçao will terminate the contract of operations of the refinery with the stateowned company Petróleos de Venezuela (PDVSA). Operations will be undertaken by Refineria di Korsou (RdK) for a period of 6 months, until Klesch Group can take over.   https://lta.reuters.com/articulo/venezuela-refiner-acurazao-idLTAKBN1YY16T “US imposed new sanctions on six Venezuelan vessels”   The United States Department of Treasury issued new administrative sanctions against several vessels as a result of their connections with the Venezuelan government involving the carriage of oil to Cuba. The government continues in their attempt to try to evade the sanctions, by changing…
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(English) Third Quarter Report October 2019

(English) Third Quarter Report October 2019

Boletines, Derecho Maritimo
I. NEWS This section highlights excerpts of relevant press releases and brief comments on our views regarding such. "US enforces sanctions on carriage of local crude oil" The US Treasury Department sanctioned the following shipping companies which were carrying oil from Venezuela to Cuba: (1) Caroil Transport Marine Ltd, established in Cyprus, and its 3 managed vessels: Carlota C, Sandino and Petion, (2) Trocana World Inc., established in Panama, owner of Petion, (3) Tovase Development Corp, estalished in Panama, owner of Sandino, and (4) Bluelane Overseas S.A, established in Panama and owner of the chemical tanker Giralt. These vessels were also identified as blocked properties by OFAC, since such are controlled by the sanctioned shipping companies. The action blocks the assets, property and interests of these companies. http://www.eluniversal.com/economia/51689/eeuuimpone-sanciones-a-transporte-de-crudo-local “PDVSA had…
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