News

Export Credit Agencies reduce their risk premiums by 10% on underwriting aircraft financings when the aircraft protocol to the Cape Town Convention applies but not on rolling stock when the corresponding rail protocol applies. This cannot be right!

The Republic of South Africa yesterday formally deposited its instrument of ratification of the Luxembourg Rail Protocol. The ratification will become effective as of 1st May 2025.

The Republic of Paraguay has today formally deposited its instrument of accession to the Luxembourg Rail Protocol. The ratification will become effective as of 1st March 2025. Paraguay has already adopted the Cape Town Convention and the Aircraft thereto.

At its meeting on 14th November, the UN Economic Commission for Europe Working Party on Rail Transport approved the proposed changes to the Model Rules on Permanent Marking of Railway Rolling Stock to create a longer transition period for the and marking process in relation to used equipment.