Information provided by the Skuld P&I Club
TheSkuld P&I Club informs operators about the Nairobi International Convention (Wreck Removal Convention 2007).
The Wreck Removal Convention was adopted at an International Maritime Organisation Diplomatic Conference in Nairobi in 2007.
The Convention will enter into force 12 months after ratification by ten states. As at 20 February 2014, there have been nine ratifications. The Convention will therefore not enter into force until the 2015/2016 policy year.
The states which have ratified are:Bulgaria, Germany, India, Iran, Malaysia, Morocco, Nigeria, Palau and the United Kingdom.
Article 12 of the Convention contains a compulsory insurance regime based upon the system which is familiar from other IMO Liability Conventions, including a requirement for state issued Certificates.
The insurer’s liability is in all cases limited to the an amount calculated in accordance with the Limitation Convention 1976 as amended.
Source:The Skuld P&I Club
