Monday, August 19, 2013

MLC States to confirm an IG certificate of entry will evidence financial security

19 Aug 13 - 14:33


Standard P&I Club alert

The Standard P&I Club has issued a web alert regarding MLC States that have confirmed an IG club certificate of entry will evidence financial security.
The list of member states who have confirmed that an IG Club certificate of entry should be acceptable evidence of a shipowners' financial security is now up to 31:
1. Australia
2. Antigua & Barbuda
3. Bahamas
4. Barbados
5. Canada
6. Cayman Islands (have agreed to accept C of E, but the Convention has not been extended)
7. Cyprus
8. Denmark
9. Greece
10. Isle of Man (in force from 20/8/13 following UK's ratification on 7 August)
11. Japan
12. Kiribati
13. Liberia
14. Malta
15. Marshall Islands
16. Morocco
17. Norway
18. Panama
19. Philippines 
20. Palau
21. Poland
22. Russia  (C of E is acceptable unless we are advised to the contrary) 
23. Singapore
24. Spain
25. Sweden
26. Switzerland
27. St Kitts & Nevis
28. St Vincent & Grenadines
29. Togo
30. Tuvalu
31. UK  (UK ratified on 7 August)
The IG continue to hold a dialogue with  other member states but many of them are still in the process of implementing their national legislation through their respective legislative systems and as such the accompanying policies and guidelines have yet to be finalised and published.