The polite name for the life-saving device is “engine cut-off switch” (ECOS). In common usage, however, it’s known as a kill switch. Both names describe the switch’s function: it immediately turns off a boat’s engine. The ECOS or kill switch can save the life of the...
The Corporate Transparency Act came into effect earlier this year. The Act introduces new reporting obligations for companies that qualify as “reporting companies,” as well as steep penalties for failure to complete the required reporting. It is essential that every...
The owner of a 48-foot yacht had a solid insurance plan in place. But when disaster struck, he found that his insurance coverage was void because of his failure to disclose sufficient details to the insurance company. This unfortunate case illustrates the absolute...
In September, the California legislature passed an update to their laws governing oil spills. This law may create a burden for those sailing in California’s waters. The amendment to the Lempert-Keene-Seastrand Oil Spill Prevention and Response Act came into effect as...
Safe Harbor Newport Shipyard has been declared a foreign trade zone (FTZ) under the Foreign-Trade Zones Act of 1934, the shipyard’s owner, Safe Harbor Marinas, announced in early December. The Newport facility is the only shipyard with FTZ status outside of Florida in...
