July 13, 2004

Lloyd's Register extends ACP to OSVs

The U.S. Coast Guard has authorized Lloyd's Register to extend its Alternate Compliance Program (ACP) capabilities to offshore supply vessels (OSVs), in addition to cargo and tank vessels. The new authorization was issued July 9, 2004.

ACP is a program available through authorized classification societies for owners, operators, designers and builders of U.S.-flag vessels to comply with USCG design and inspection regulations, intended to reduce the regulatory burden on the maritime industry while maintaining existing levels of safety.

To obtain the additional authorization for OSVs, Lloyd's Register underwent a rigorous review process, which involved a comprehensive comparison of classification Rules, statutory requirements and federal regulations applicable to this vessel type.

Chris Desmond, Business Development Manager and ACP Co-ordinator, Lloyd's Register North America, Inc., says: "ACP, the highest level of authorization granted by USCG to a non-U.S. classification society, involves a rigorous and demanding review process. Having successfully obtained authorization for ACP in December 2003, Lloyd's Register has now further enhanced its capabilities by adding an addendum which allows it to extend the benefits of the Program to owners and operators of OSVs."

Lloyd's Register is one of only two non-U.S. classification societies to have gained authorization for ACP and is the first non-US classification society to receive authorization for OSVs.

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