11th October 2018
Marshall Islands Confirms No Class Certificate Surcharge
International Registries, Inc. and its affiliates (IRI) has announced that the Republic of the Marshall Islands (RMI) Registry will not follow competitors by levying surcharges and commissions on vessel documents and certificates issued on its behalf by the Classification Societies. The RMI Registry will continue to provide its clients with a transparent pricing structure for the issuance of key certificates needed by shipowners.
Bill Gallagher, President of IRI, which provides administrative and technical support to the RMI Registry, said:
"Over the past days, we have had discussions with several of the major Classification Societies (Class) concerning flag State surcharges on the issuance of Class documents and statutory certificates. Through these discussions we have learned that Liberia has now joined Panama, Belize, and Honduras in the practice of adding a flag State surcharge to the Class fees for such certificates."
"We affirm to our shipowners, shipoperators, and Recognized Organizations that the Republic of the Marshall Islands Registry has no intention of following suit. In the very competitive world of ship registration, the terminology “free” is used loosely. We are determined to remain transparent. Owners can rest assured they will only be responsible for agreed and published fees with no back door or hidden surcharges."
About IRI/The Marshall Islands Registry
International Registries, Inc. and its affiliates (IRI) provide administrative and technical support to the Republic of the Marshall Islands (RMI) Maritime and Corporate Registries. The RMI Registry is the second largest registry in the world, surpassing 162 million gross tons with 4,442 vessels at the end of August 2018.
IRI has a network of 28 worldwide offices located in major shipping and financial centers throughout the world that have the ability to register a vessel, including those under construction, record a mortgage or financing charter, incorporate a company, issue seafarer documentation, and service clientele.
The RMI fleet has received the highest ratings in port State control (PSC) international rankings. The RMI is on the White Lists of both the Paris and Tokyo Memorandums of Understanding (MoUs) and has also met the flag criteria for a low risk ship under the Paris and Tokyo MoU's New Inspection Regimes. The RMI is the only major registry to be included on the United States Coast Guard's (USCG's) Qualship 21 roster for 14 consecutive years.
The RMI is the only one of the top three flag States that holds Qualship 21 status, an acknowledgment that is paramount for the RMI owners and operators.
The most important asset to the RMI Registry is its customers and IRI strives to provide them with full service from any office, 24 hours a day.