Compulsory Insurance Purposes News

The Cook Islands has acceded to the Nairobi International Convention on the Removal of Wrecks, 2007 (“The Nairobi Convention”). As a State Party, Cook Islands will issue Wreck Removal Certificates to its own ships and also to ships flying the flags of states that have not yet become party to the Nairobi Convention. The Nairobi Convention, which will come  into force on 14 April 2015, requires all ships over 300 GT (including fishing vessels and commercial yachts) to have insurance in place to cover the location, marking and removal of a wreck; deemed to be a hazard in a State party’s Convention area. Glenn Armstrong, Managing Director of Maritime Cook Islands…