Thursday, February 21, 2008

Norwegian owners approve Liberian registry

THE Norwegian Shipowners' Association (NSA) has lifted its recommendation not to use the Liberian ship registry, which has been in effect since 2001. NSA released a statement saying that the basis for their position on the Liberian registry is due to the positive developments in Liberia, the position of the UN and the Norwegian authorities, and the increased transparency concerning financial transactions between the registry and the Liberian authorities.

In late 2001, the NSA recommended its members not to use the Liberian registry until the country “answered the UN's call for increased transparency surrounding cashflows from the country”.

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