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Issue of certificate of insurance or other financial security in respect of liability for the removal of wreck under Article 12 of the Nairobi International Convention on the Removal of Wrecks, 2007 - reg.
Applicable to:
Indian merchant ship owners and registrars
Effective Date:
14th April 2015 (Convention); immediately (India)
Superseded Circulars:
None mentioned
Key Changes and Requirements
1. Certificate of Insurance or Other Financial Security — Article 12 of the Nairobi Convention
The Nairobi International Convention on the Removal of Wrecks, 2007 requires an Appropriate Authority to issue a certificate attesting that insurance or other financial security is in force for each merchant ship of 300 GT and above.
- Issuance: MMDs at the ports of registry will issue the Certificate of Insurance or Other Financial Security (CIOFS) as per the format appended to this MS Notice.
- Application: Ship owners shall apply to the MMDs with applicable fee and duly authenticated copies of valid insurance certificates.
- Acceptance: Certificates in electronic format, verifiable online, will be accepted. The administrative fee for issue of CIOFS is Rs 5,000/-.
II/4 List of approved insurance companies under PER, 2012 is available on DG Shipping's official website.
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