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New sulfur cap resolution on marine fuel oil vessels

The Brazilian National Agency for Petroleum, Natural Gas and Biofuels (ANP) published last Thursday, 23, Resolution 789/2019, enforcing a new sulphur cap on marine fuel oil for vessels that do not have a system of exhaust gas cleaning. The standard changes provisions of ANP Resolution No. 52/2010, which establishes the specifications of fuels intended for water use.

Petrobrás has assured that it is able to produce bunker with low sulfur in sufficient volume to meet the demand of Brazil from January 2020, when an international law that limits the sulfur content of vessels by 0.5%, said the director of the ANP.

The reduction of sulfur content in the bunker complies with the International Convention for the Prevention of Pollution from Ships (Marpol), to which Brazil is signatory.

Transport & Logistics – The Shipping Law Review

Our partner, Larry John Rabb Carvalho, was chosen to write the chapter about Maritime Law in Brazil, in the fifth The Shipping Law Review’s edition, of the editorial “The Law Reviews”. The UK publication, in several jurisdictions, conduct a research of law firms and lawyers with expertise in strategic litigation, selecting them, along with internationally renowned experts, to contribute to the editorial.

Each book is focused in one area of law, and each chapter is written by a renowned lawyer to address your country’s law on relevant matters on the international scenario.

Adopting as a central theme the maritime transport regulatory framework in the nations with the largest maritime transportation, the publish “Shipping Review” aim to provide those working in the segment with an overview of the main problems faced in the area and potential solutions.

The honor of participating in the renowned editorial was highlighted by Larry Carvalho. “We are grateful and honored to have been chosen to contribute and expose to the Shipping market, its current scenario in Brazil and its legal framework.” While national boundaries and laws differentiate us, Shipping unite us in favor of universality of its rules, in order to guarantee greater legal security for all its players,” he said.

ADVISORY EXCELLENCE

Law Offices of Howard G. Smith Announces Securities Class Action

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Avon Products, Inc. (“Avon” or the “Company”) (NYSE: AVP) securities between August 2, 2016 and August 2, 2017, inclusive (the “Class Period”). Avon investors have until April 15, 2019 to file a lead plaintiff motion.

Investors suffering losses on their Avon investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].

On August 3, 2017, Avon issued a press release announcing its second quarter 2017 financial results and held a conference call to discuss the results. The Company reported a net loss of $0.12 per share and a 3% decline in active representatives. Avon also reported that Brazil revenue was “down 2% in constant dollars, primarily driven by a decrease in Active Representatives.” On the call, Avon’s Chief Financial Officer acknowledged that, despite Avon’s earlier representations, the remedial actions in Brazil (i.e., stricter credit terms applied to recruiting new representatives) were negatively impacting active representatives and revenue in Brazil. On this news, shares of Avon fell $0.36, or 10.71%, to close at $3.00 per share on August 3, 2017, thereby injuring investors.

The Complaint filed in this class action alleges that Defendants made materially false and misleading statements and/or failed to disclose that: (1) Avon was engaged in an undisclosed scheme whereby it significantly loosened its credit terms in order to recruit new representatives in Brazil, its largest market; (2) its specific credit terms in Brazil; (3) Avon failed to increase its allowance for doubtful accounts to account for the changes to its credit terms in Brazil; and (4) as a result of these concealments, Avon stock was trading at artificially inflated prices throughout the class period.

If you purchased shares of Avon, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at http://www.howardsmithlaw.com/

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

ANTAQ suspends EMAP port fee

The ANTAQ – Agência Nacional de Transportes Aquaviários suspended the port fee “Use of Protection Infrastructure and Waterway Access” implemented by EMAP – Empresa Maranhense de Administração Portuária in São Luís, Maranhão, Brazil.

The port fee was set to be charged as from today (March 1st) and applies to ships that use the common navigable areas of São Marcos Bay used to access the Ponta da Madeira Terminal (Vale), the Alumar Terminal and any other Private Use Terminal that may be installed in the region.

If you would like to find out more information, please visit https://www.promare.adv.br/

New port fee will be imposed at the Port of Itaqui

The EMAP – Empresa Maranhense de Administração Portuária, port authority which runs the Port of Itaqui, in São Luís, Maranhão, Brazil has warned shipowners, charterers and their representatives that a new port fee will be imposed as from March, 1st, 2019.

The fee will impact local trade and shipping activities in all private terminals of the region.

This fee is BRL 0,44 p/ DWT and will be charged for ships that use the common navigable areas of São Marcos Bay to access the Ponta da Madeira Terminal (Vale), the Alumar Terminal and any other Private Use Terminal that may be installed in the region.

The legality of such fees has been questioned. Our team of the São Luís Office is already preparing a deep analysis of the situation.

Contact Promare | RC LAW for more details https://www.promare.adv.br/

Maritime new PHOTO

Brazilian President announces the auction of 10 port terminals

The President of Brazil, Jair Bolsonaro, announced today that the Secretary of Ports, by the Federal Government, will lease 10 port areas in the first half of 2019, including 3 terminals in the Port of Cabedelo/PB. The auctions of 4 of these areas will happen in march 22th of this year.

Understand the investments:

The announcement of the lease of four port areas was published in the Official Gazette of the Federal Union on November 30, 2019, by Agência Nacional de Transportes Aquaviários (ANTAQ). The auction will be held at B3, São Paulo Stock Exchange. The projects, in which investments of R$ 199 million are foreseen, are part of the Investment Partnerships Program (PPI).

In accordance with the rules set forth in the announcement, the companies/consortiums must submit the written proposals on March 19th, 2019, so that on the 22nd of the same month the auction will be held. The winner will be the one who offers the biggest value, which will start in the auction at R$ 1.00 (one real).

Contact Promare | RC LAW for more details http://www.promare.adv.br/