3 DAYS TO GO - IMCA TAKES ACTION AS COUNTDOWN TO DEADLINE FOR SUBMISSION ON THE JONES ACT CHANGES DRAWS CLOSE
Saturday, 15 April 2017
For those wondering ..... although the release is the same for the first two paragraphs, every day a new myth is busted after those first two paragraphs. Today’s myth is:
Myth: Jones Act Waivers
The International Marine Contractors Association (IMCA) is selecting a key fact a day on the countdown to the April 18, 2017 U.S. Customs and Border Control (CBP) comment submission deadline, to highlight the potential risks if CBP revokes 40 years of precedent as reflected in its own rulings. Rulings that have brought decades of stability and billions of dollars in investment to the oil and gas industry in the Gulf of Mexico.
IMCA issued its vessel impact report on April 4, 2017 and it is crammed with information and facts and figures showing that the U.S. coastwise qualified fleet is unable, on its own, to support activities in the U.S. offshore deepwater market.
· Myth: If there are no coastwise qualified vessels available, Jones Act waivers are available.
· Fact: This is simply not possible as Jones Act waivers are only issued where necessary in the interest of national defense but never for commercial reasons.
Jones Act Waivers are clearly not an appropriate response or practical solution to commercial matters, as such waivers are only issued in the interest of national defense, and are subject to a rigorous review and approval process by the U.S. Department of Homeland Security and U.S. Department of Transportation, Maritime Administration (MARAD). In the current CBP context, in the absence of issues implicating national security, it will be extremely difficult, if not impossible, to obtain waivers for straightforward commercial projects.
Equally, it is unrealistic for oil companies to commit to multi-billion dollar deepwater investments on the basis that their contractors might obtain waivers – where it is highly unlikely that such waivers will be granted.
Further information on IMCA and its work on behalf of around 1,000 member companies in over 60 countries is available from www.imca-int.com and email@example.com. The association has LinkedIn and Facebook groups and its Twitter handle is @IMCAint
News presented by Cathy McLean
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