The Circular published on the 5th November 2014 informed Members that the Nairobi International Convention on the Removal of Wrecks (“WRC”) enters into force on 14 April 2015.
Pursuant to Article 12 of the WRC which provides “the registered owner of a ship of 300 gross tonnage and above and flying the flag of a State Party shall be required to maintain insurance or other financial security, such as a guarantee of a bank or similar institution, to cover liability under this Convention in an amount equal to the limits of liability under the applicable national or international limitation regime, but in all cases not exceeding an amount calculated in accordance with article 6(1)(b) of the Convention on Limitation of Liability for Maritime Claims, 1976, as amended”. It is also a requirement to obtain a certificate from a WRC State Party attesting to such insurance. All International Group Clubs have agreed to issue Blue Cards so that Members may apply for a WRC certificate.
Certificates must be obtained from the State in which a ship is flagged, providing the State is party to the Convention. Ships flagged in countries that are not parties will need to obtain a certificate from a relevant authority in a State Party.
For more information about obtaining a WRC certificate, please read the full circular here:Update: Entry into Force of the Nairobi International Convention on the Removal of Wrecks.
Further information, including other publications, can be obtained from our websitewww.shipownersclub.com.