Tag «seafarers»

Seafarers get tax exemption from Ministry of Finance

Kolkata, April 13, 2017: Accepting the long-pending demand of India’s leading merchant navy Unions, The Maritime Union of India (MUI) and the National Union of Seafarers of India (NUSI); the Ministry of Finance, Government of India has finally granted income tax exemption to Indian seafarers sailing aboard foreign ships outside India for more than …

IMO welcomes entry into force of financial security for seafarers

IMO Secretary-General Kitack Lim has welcomed the entry into force today (18 January) of new obligations under the Maritime Labour Convention (MLC 2006) which require shipowners to have compulsory insurance to cover abandonment of seafarers, as well as claims for death or long-term disability of seafarers. The 2014 amendments to the MLC 2006, which comes …