Liens March Newsletter
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Patriot Act OF 2001
in the sale of boats in the definition of financial institution
for purposes of the USA Patriot Act of 2001 and it's requirements
regarding anti-money laundering.
Comments are due NLT
Boat sellers and money laundering reporting requirement
The U.S. Treasury Department issued an Advance Notice of Proposed
Rulemaking (ANPRM) that may impact businesses engaged in boat
sales. The USA PATRIOT Act of 2001 requires financial institutions
to establish anti-money laundering compliance and customer
identification programs. The term 'financial institution'
is defined to include, among others, a business engaged in
boat sales. The Treasury Department is seeking comments on
a variety of issues, including money laundering risks posed
by this business. Comments should be submitted by April 10,
Fed. Reg. 8568 (February
Two Companies same philosophy
a previously owned boat there are many major considerations
a buyer must examine once the right boat is found. For the
proactive person who chooses to take control of the process
and not leave outcomes to chance there are many things that
can be done.
Two of the most important functions of the purchase process
are provided by companies with similar philosophies - make
it simple and make it affordable.
Spectro for providing the oil analysis service and Marineliens.com
for providing an online instant lien search. Both companies
provide a pre-purchase service without which could cost the
buyer major financial outlays to resolve. Both functions are
performed at the time of purchase and both are made to be
simple and affordable.
This month we feature Spectro Oil Analysis SPECTRO
OIL ANALYSIS and JET-CARE INTERNATIONAL INTRODUCE AN ENGINE
OIL ANALYSIS KIT FOR WORK BOAT OWNERS AND OPERATORS
CEDAR KNOLLS, NJ -
Jet-Care International and its parent company Spectro Oil
Analysis Co. Ltd. have introduced a new engine oil analysis
kit and service for the marine market that can save long delays
and expensive repairs.
"With proper monitoring of oil and fluid systems, marine
operators can significantly reduce wear caused by contamination
from sea water, fresh water, fuel dilution or the use of incorrect
lubricants and save long delays and expensive repairs,"
says Spectro Chief Chemist Colin Stevens-Hoare.
"In bigger vessels, oil sumps are so large the oil's
never or rarely changed. Most operators try and clean the
oil, but some are complacent, relying on their purification
equipment to remove contaminants. Unfortunately, that doesn't
always work too well."
Fluid analysis can predict problems before they become apparent,
saving time and money by extending overhaul intervals and
avoiding costly repairs and unplanned maintenance, according
to Jet-Care and Spectro Oil Analysis, Jet-Care's parent company
in the United Kingdom.
Designed for the work boat market, the Spectro Marine Kit
contains 20 oil sample bottles with tubing, a pump to extract
the oil and all the instructions and labels necessary for
the preparation and the mailing of the sample back to either
Jet-Care or Spectro laboratories.
"Samples can be sent from any port in the world and our
laboratories test for about two dozen different wear elements,
down to part per million levels using inductively coupled
plasma spectrometers," said Stevens-Hoare.
On receipt of the oil samples, the following tests are carried
out: wear metals, viscosity at 100oC, flash point, fuel content,
insolubles, Total Base Number (TBN) and water content. Within
24 hours, the results are presented in an impartial report
and sent back in the format chosen by the customer such as
mail, e-mail, and fax or by Spectro ECHO(tm) (Engine Condition
Health Online) program.
This software provides the ability to trend, graph and view
the actual oil analysis results. It is user friendly and flags
immediately those systems or engines that require further
investigation. Alert levels, set using engine manufacturer's
specifications and from years of experience, take the guesswork
out of troubleshooting and provide vital guidance in making
Oil analysis services are available seven days a week. The
company maintains three full wet-chemistry laboratories, one
in Cedar Knolls, New Jersey-USA, one in Hampshire-United Kingdom,
and one near Basel-Switzerland. The laboratories are accredited
by UKAS (United Kingdom Accreditation Service) to the same
strict international quality standard ISO/IEC 17025.
Established in 1976, the company offers a variety of proactive
'health monitoring' systems to high-tech industries that cover
engines, gearboxes, hydraulic systems and other equipment
that identify potential machinery failure before it occurs.
In aerospace, for example, Jet-Care and Spectro are responsible
for monitoring the health of nearly 12,000 engines in over
50 countries for dozens of the world's major airlines. Now
the company is offering its services to the work boat operators,
captains and chief engineers, charter companies, repair and
refit yards, fuel and lubricant suppliers and marine surveyors.
The market for engine oil analysis service is expected to
grow rapidly in the marine segment. More than 100 large boat
owners use Jet-Care and Spectro services. Clients include
Camper & Nicholsons, Feadship, Oyster Marine, Shell, BP,
ExxonMobil, TotalFinaElf, Q8, and Texaco.
For more information visit www.jet-care.com
Josh Wagner in the United States at 973-292-9597, [email protected]
Alan Baker in Europe at +44 (0)1256 704000, [email protected].
Ships Race: back in Antwerp in 2004!
From 21st till 24th July the time will be here again. More
than 100 impressive sailing ships from all over the world
can once more be admired on the quayside of Antwerp�s port.
Normally, this event would not have taken place again in Antwerp
until 2007. But the earlier good organisation (following Antwerp�s
example of providing a liaison officer for every sailing ship
in all host ports who receives the crew and provides assistance
in the case of specific local problems) and lobbying has ensured
that the Tall Ships Race will again call in at our port in
The primary aim of the race is to bring youngsters between
the age of 16 and 25 from different cultures and social backgrounds
in contact with each other. Together they embark on an adventure
at sea where they discover the value of leadership and teamwork,
new skills and a higher self-esteem forging new friendships
that often last a lifetime!
The starter�s pistol signalling the start of the Tall Ships
Race 2004 can be heard in Antwerp (21st -24th July), setting
course to Aalborg, Denmark (30th July - 2nd August). After
the first part of the race there is a sail-along cruise from
Aalborg to Stavanger, Norway. Stavanger will be the next hosting
port from the 2nd till the 7th August. This heralds the second
part of the race heading for Cuxhaven, Germany where, on 18th
August, the race will end and a winner be revealed. The winner
will be determined by a vote from the captain and crew of
each participating vessel, whereby a special trophy is awarded
to the crew of the ship they think has contributed most during
the race to international understanding and friendship.
This has all been organised by the International Sail Training
Association (ISTA) since 1956, when the first Tall Ships Race
In order to continue fulfilling the needs that come with such
an organisation, ISTA was changed in 2002 and became the Sail
Training International (STI). Their first annual conference
will take place in Antwerp in mid-November, where the forthcoming
Tall Ships Race will no doubt start taking more definite shape.
(For further information about the race in its entirety, consult
the following website:
Spain Spared EU Prestige Quiz
SPAIN'S handling of the Prestige incident seems likely to
escape investigation by an inquiry called for by EU's Parliament
Reflecting industry disappointment at the decision Intertanko,
issued a statement welcoming an investigation but pointedly
commenting: "The Association is however deeply disappointed
that the Resolution, which in its draft form also called for
the role of national and local authorities to be subject to
investigation, appears to exclude the conduct of these authorities
from the investigation. A full and rigorous post-incident
investigation must include the important ship-shore interface
and the conduct of all parties concerned prior to and following
this unfortunate accident."
Intertanko notes that the incident has highlighted the shipping
industry's concern surrounding coastal states' continued reluctance
to admit ships into places of refuge. When ships in need are
not granted such access to sheltered waters, the potential
for a serious incident is frequently increased and the safety
of the crew jeopardised. The emergency transfer of cargo and
other measures to aid a stricken vessel may be similarly hindered
with a consequent increased threat to the environment.
In light of the foregoing commentary, would assigning the
decision making process out of the �at risk� country into
the hands of a central decision making body yield more conservative
conclusions and actions to minimize the damage to the environment?
It appears that the decision to tow the Prestige to open waters
rather than beaching or towing to a sheltered harbour, in
hindsight, has resulted in the potential for enormous future
damage to the shorelines of many countries, not to mention
the fish supply and wildlife.
have been hijacked in the first nine months of 2002 than in
the same period in 2001 while there has also been a marked
increase in pirate attacks of all types. Against the trend,
however, the death toll fell, from nine to six.
The latest ICC International Maritime Bureau (IMB) report
Piracy and Armed Robbery against ships notes 271 incidents
so far reported for the first three quarters, up from last
year's corresponding figure of 253. So far there have been
20 hijackings, up from 2001's comparable figure of 15.
IMB Director P Mukundan said: "The incidence of hijackings
has increased dramatically since 2000. These are serious and
violent attacks, done by organised crime groups. Crew members
may be abducted, injured and ship and cargo worth millions
of dollars are stolen. The IMB calls upon governments in South
East Asia to ratify the SUA Convention of 1988, which will
give them jurisdiction over these crimes when the vessels
The new report also draws attention to a new anti-piracy device.
The Secure-Ship deterrent system uses a 9,000 volt pulse to
deter boarding attempts. IMB said: "To date this system is
the most effective answer in preventing unauthorised boarding
of vessels in respect of vessels carrying non-flammable cargoes.
UK CLUB PREMIUMS UP 25% THE UK P&I Club Board has ordered
a general increase in premium rating of 25% per cent plus
a charge to cover the increased cost of the International
Group's reinsurance programme for 2003. The club says it aims
"to reduce the underlying deficit of premium versus claims".
New Managing Director
of Technical Department at Yachtica
Engineer Mr Massimiliano Jaboli has recently been
appointed as Managing Director of Yachtica’s Technical
Department, while Mr Samuele Marsili will be Head of the Purchasing
Mr Jaboli was previously Managing Director for the Development
& Research Dept. of GSG Group S.p.A., the holding group
He has a quite impressive experience in the commercial and
home automation fields and he has played a lead role in the
development of the Yachtica Integrated System and its key
Mr Jaboli will head a technical team of seven (7) Engineers
and Technicians and carry out his activity between Viareggio
and Bologna’s facilities.
For information: http://www.yachtica.com
Contact: [email protected]