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CISR 'White-Listed' Under Tokyo Port State Control MoU,
by Mary Swire, Tax-News.com, Hong Kong
Tuesday, May 19, 2009
Congratulations were recently exchanged between the George Town headquarters
of the Maritime Authority of the Cayman Islands (MACI), parent organization
of the Cayman Islands Shipping Registry (CISR), and its European Regional Office
in Southampton, UK, on the announcement of the CISR attaining "White List"
status under the Tokyo Memorandum of Understanding on Port State Control (MOU).
This particular MOU has been signed by 18 countries including Japan, Australia,
New Zealand, China, Canada, Chile, Republic of Korea and the Russian Federation.
Previously on the "Grey List", the MACI had worked arduously to achieve
the top ranking by diligently upgrading and improving the calibre of its worldwide
fleet of vessels.
"This is a great achievement for us, and, more so of our Safety and Survey
Division, although the entire organization contributed to this success,"
said the MACI's CEO, Mr. A. Joel Walton.
"Tokyo is one of the most important MOUs internationally, and brings further
recognition to the high standing of the Cayman Islands Shipping Registry,"
he added.
The Cayman Islands is already on "White List" status under the
Paris MOU, again in recognition of the quality of the fleet on its Register,
and it's also part of the "Red Ensign" Group of British maritime administrations
and is the flag of choice for the majority of the world’s mega-yachts.
Established in 1903, when George Town was first established as a port of Registry,
the CISR today continues to carry on the Cayman’s rich maritime tradition
around the globe.
At present, the CISR is represented in nine locations in eight countries. In
addition to the George Town Head Office, these are the European Regional Office
in the UK, and representatives in London, Ft. Lauderdale, Monaco, Athens, Hong
Kong, Singapore and Tokyo.
Additionally, the MACI is a signatory to agreements with various international
classification societies delegated to enact on its behalf. These include: American
Bureau of Shipping (US); Det Norske Veritas (Norway); Bureau Veritas (Paris);
Registro Italiano Navale (Italy); Nippon Kaiji Kyokai (Class NK, Japan); Germanisher
Lloyd (Germany), and Lloyds Register (UK), all of which are members of the International
Association of Classification Societies (IACS).
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