“We think this is a useful tool for Norwegian and foreign shipowners, as well as banks. It will for example make it much easier for vessels that temporarily require a change of flag from or to the Norwegian flag” says Nordisk’s Mats E. Sæther. He has previously argued for the implementation of this legislative change in a thesis published by the Scandinavian Institute of Maritime Law at the University of Oslo.
Nordisk was involved in the preparatory phase of the new legislation, and in the public hearing phase.
Full text of proposal here.
To learn more please feel free to contact Nordisk’s Mats E. Sæther or Benedicte Urrang.