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Liberia takes the lead on wreck removal certification

  Liberian Registry makes delivery of Wreck Removal Convention certificates is faster and more convenient for shipowners. The system was set up to expedite shipowners’ compliance with the requirements of the Nairobi International Convention on the Removal of Wrecks 2007 (WRC), which comes into force on 14 April, 2015.  The convention requires owners of vessels of 300 gt and above to carry a certificate as evidence of compliance that insurance or financial security is in place to cover their liability under the convention. David Pascoe, Head of Maritime Operations & Standards for the Liberian International Ship & Corporate Registry (LISCR), the US-based manager of the registry, says: “As with all regulatory issues affecting shipowners, Liberia has elected to take a highly proactive approach to WRC certification. Whether it be certificates for Liberian-flag ships or ships registered in States which are not a party to the WRC, owners find the online ordering process a speedy and efficient way to ensure their vessels are carrying a WRC certificate by the due date. “We are very pleased to be able to assist many States that are not yet a Party to the WRC by issuing certificates for their shipowners, as allowed under the convention.  ...

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Liberia offers tax breaks to energy- efficient vessels

The Liberian Registry has committed to offering tax discounts of up to 50% for vessels retrofitting energy efficiency technologies through a financing partnership between Carbon War Room (CWR) and EfficientShip Finance (ESF). This represents more than $53 million available in tax breaks across the Liberian registered fleet in addition to the fuel cost savings that efficiency retrofits offer. Under the agreement between The Liberian Registry, ESF and CWR, each ship retrofitted by ESF under the innovative Self- Financing Fuel- Saving Mechanism will be entitled to a 50% discount on annual tonnage tax in the first year and up to 25% discount in the second and third years- a discount of up to $13,800 for a ship of 100,000 gross tons. ''The turnkey solutions that ESF provides to retrofit market- ready technologies that offer significant financial savings as well as reduce the carbon and other emissions produced are available to any ship owner and operator with zero capital expenditure up front'',said Oliver Petrakakos, COO, ESF By offering tax discounts to ships retrofitting energy efficiency technologies through EfficientShip finance and Carbon War Room's partnership, the Liberian Ship Registry is adding thousands of extra dollars to the savings that these retrofits already offer.'', ...

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Liberian Registry launches green initiative

The Liberian Registry has announced that it is launching a green ship initiative to ensure that the Liberian-flag fleet remains a leader in environmental compliance.  Scott Bergeron, CEO of the Liberian International Ship & Corporate Registry (LISCR), the US-based manager of the registry said: “The Liberian Registry is an environmentally aware and responsible maritime administration. We have launched a new initiative to help ship owners improve their green credentials and meet other corporate social responsibilities. Our aim is to ensure that Liberia remains the greenest fleet afloat." The LR recently struck up a partnership with US-based consultancy EfficientShip Finance (ESF) to launch an innovative environmental initiative designed to reduce global carbon emissions, enhance fleet efficiency and competitiveness and promote a greener Liberian fleet. LR is offering special tonnage tax discounts for ships participating in their green initiative. Each vessel will get a 50 percent annual tonnage tax discount in the first year, and up to 25 percent in the second and third years. ESF’s partnership with LISCR offers a turnkey energy-saving solution for ships on an international basis with an add-on specifically crafted for Emissions Control Areas (ECA). ESF will fund each project, and take responsibility for technology performance and fuel volatility risk, along with the technical ...

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Liberia becomes party to the Nairobi Wreck Removal Convention

Liberia acceded to the Nairobi International Wreck Convention on the Removal of Wrecks, 2007, on 8 January 2015. It is thus far the largest flag state party to the convention. The Nairobi Convention covers shipwrecks that could have a potential adverse effect on the safety of lives and property at sea, as well as the marine environment. When it enters into force on 14 April, 2015, it will fill a gap in the existing international legal framework by providing the first set of uniform international rules aimed at ensuring the prompt and effective removal of wrecks. Liberia has agreed to extend the scope of the convention to its territory, including its territorial sea.The Liberian Registry is prepared to start issuing wreck removal convention certificates to ensure that its flagged vessels have evidence of compliance prior to the convention’s entry into force. It is also prepared to issue certificates for shipowners with vessels registered in states that are not yet a party to the convention. David Pascoe, Head of Maritime Operations & Standards for the Liberian International Ship & Corporate Registry (LISCR), the US-based manager of the registry, says, “The Nairobi Convention is designed to create consistency in the treatment of ...

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