world's largest shipping registry

The Liberian Register — under whose flag 16% of the world’s ships by capacity sail — said in a circular that it no longer authorizes Moscow-based Ingosstrakh to issue so-called blue cards.

Favorable Regulatory Environment:

Maritime Regulations: Liberia offers a regulatory framework that is business-friendly and adheres to international standards, making it easier for ship owners to operate without excessive bureaucratic hurdles. Speed of Registration: The registration process is efficient and streamlined, allowing for quick turnaround times for new registrations.

Cost-Effectiveness: Lower Fees: Liberia's registration fees and annual taxes are competitive compared to other registries, reducing the overall cost of ship ownership. No Income Tax on Shipping Revenue: Liberia does not levy income tax on revenue generated from shipping operations, making it financially attractive.

Reputation and Safety: Good Standing: Liberia has a strong reputation for maintaining high safety and environmental standards, which is crucial for insurance and regulatory compliance. White List: The Liberian registry is on the “white list” of the Paris and Tokyo Memoranda of Understanding on Port State Control, indicating a low detention rate and high compliance with international regulations.

Legal and Financial Advantages: Maritime Law: Liberia's maritime laws are based on U.S. maritime law, providing a clear and robust legal framework. Mortgage and Financing: The registry supports ship financing through recognized international maritime mortgage laws, making it easier for ship owners to secure loans.

Global Presence and Services: Worldwide Offices: Liberia has a global network of offices and representatives, offering 24/7 support and services to ship owners and operators. Comprehensive Services: The registry provides a range of services, including crew certification, vessel inspection, and technical assistance, ensuring comprehensive support for ship management.

Political and Economic Stability: Stable Environment: Liberia provides a politically and economically stable environment, which adds to the security and predictability desired by ship owners. International Recognition: As a member of the International Maritime Organization (IMO) and other key maritime organizations, Liberia is recognized globally for its commitment to the maritime industry.

Flexibility and Adaptability: Modernization: Liberia continuously updates its regulations and systems to keep pace with changes in the maritime industry, including digitalizing processes and enhancing cybersecurity measures. Adaptable Policies: The registry is known for its willingness to adapt policies to meet the evolving needs of the maritime sector, providing a dynamic and responsive service.