Liberian Registry offers owners some cost savings help

Scott Bergeron, CEO of the Liberian International Ship & Corporate Registry (LISCR: "We believe it is essential to support the shipping industry during these extremely difficult times.

JUNE 3, 2016 — The Liberian Registry has introduced a number of cost-saving provisions to help mitigate the burden and financial strain currently being placed on owners and operators of Liberian-flag vessels during the sustained economic downturn in the maritime and offshore sectors.

The provisions cover a range of operational expenses with potential for cost-savings as well as advice that will reduce flag state expenses.
 
Also included are the facility to waive initial certification and mortgage-related fees for registration transactions in Liberia, as well as fees for the reissuance of ISM and ISPS certificates for vessels transferring into the registry.

The initiative includes the potential to extend vessel drydock periods, the option to harmonize ISM/ISPS audits with annual safety inspections, and free access to an electronic seafarer certification and documentation system.

The cost-savings measures also embrace specific provisions relating to vessels entering lay-up, and the facilitation of operational measures to ensure safe and secure removal of the vessel from service. These provisions are available to vessels currently in service, vessels currently under construction and vessels transferred from other flag administrations for the purpose of lay-up. Guidelines and procedures have also been developed by the Liberian Registry to address safe manning levels, lay-up procedures and inspection intervals.

“We believe it is essential to support the shipping industry during these extremely difficult times,” saysScott Bergeron, CEO of the Liberian International Ship & Corporate Registry (LISCR), the U.S.-based manager of the Liberian Registry. “The initiatives we have announced supplement those cost-efficiency measures which are already available to Liberian-flag vessels.

“Other benefits enjoyed by Liberian-flag vessels include favorable treatment when calling at Chinese ports. This follows the recent historic Agreement on Maritime Transport between the People’s Republic of China (PRC) and the Republic of Liberia, under which Liberian flag vessels will be charged a preferential rate for tonnage dues when visiting any port in China. The preferential rate saving equates to a 28% discount for each vessel’s tonnage dues.  

“With just a little innovative thinking, it is possible for ship registries to anticipate problems before they occur, in the process saving owners and operators both time and money. We believe these latest measures will help achieve those objectives.”

● Additional information on the Liberian Registry’s cost-saving provisions can be found in Marine Operations Note 03-2016  HERE
● Additional information on the Liberian Registry’s lay-up provisions can be found in Marine Operations Note 02-2016  HERE