In reaction to the sustained downturn in the maritime and offshore market sectors, The Liberian Registry has issued advisory to help mitigate the burden and financial strain placed on shipowners and vessel managers.
The following expenses related to the Registry with potential areas for costs savings are highlighted below. LISCR encourages operators to review these to consider if any of these solutions will help you to reduce your operational expenses.
Vessel Lay-up
The Liberian Registry offers cost savings provision related to vessels entering lay-up status. If you will be taking a vessel out of service, LISCR refers you to relevant Marine Operations Note or further details and consideration.
Registration & Mortgage Recordation
The following initial statutory registration and administrative fees are waived:
- Initial certification fees (applicable to newbuildings and flag transfers); and
- Mortgage recording fees at initial registration in Liberia.
The following administrative practices are recommended:
- Utilize LISCR offices/Liberian Special Agents in lieu of notarizing registration documents;
- Utilize LISCR premises for documentary closings (registration and/or mortgage);
- Utilizing electronic certificates to avoid the need and expense of requesting a LISCR representative to hand deliver new registration certificates;
- Enrolling in e-Delivery of vessel certificates and documents avoids courier fees; and
- When possible do not request apostille of all Memorandum of Agreements, as this complicates the process, costs money and is not required by Liberian regulations.
Further details may be found by reading the following Marine Operations Note
Source: LISCR
