The European Commission has adopted another key measure to crackdown on the so-called shadow fleet passing through its waters. The amendment to the Vessel Monitoring Directive now requires all vessels, including those merely passing through European Union waters without entering an EU port, to provide insurance information. “By requiring that all vessels operating in our …
That would beat the purpose of insurance.
Insurance is about risk management, and poking a hole is creating some risk, especially for the local environnement and nearby shores.