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IoM Vessels Secure Low-Risk Tokyo MoU Status

by Jason Gorringe, Tax-News.com, London

02 January 2014


The Isle of Man Ship Registry has welcomed confirmation that it has achieved classification as a low risk flag state under the New Inspection Regime (NIR) of the Tokyo Memorandum of Understanding (MoU), which entered into force on January 1, 2014.

To achieve this status flag states must have a minimum of thirty inspections in a three-year period, be on the Tokyo MOU white list and have undergone an IMO Voluntary Audit (VIMSAS). This low-risk status will remain effective for the Manx registry until June 30, 2014, when the entry criteria will be re-assessed.

The Isle of Man is one of only 23 flags that have achieved inclusion on the list. The NIR operates in a manner similar to that of the Paris MOU on Port State Control, in which the Isle of Man is also classed as a low risk flag. Vessels registered in a low risk territory face fewer Port State Control inspections within member states of the MoU.

The Tokyo MOU, which celebrated its twentieth anniversary this year, is one of the most active regional port state control (PSC) organizations in the world. The organization consists of 19 member authorities in the Asia Pacific region: Australia, Canada, Chile, China, Fiji, Hong Kong (China), Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Papua New Guinea, the Philippines, Russia, Singapore, Thailand, Vanuatu and Vietnam, and newly the Marshall Islands. Peru adheres to the Tokyo MoU as a cooperating member authority.

TAGS: Isle of Man | marine

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