Liberia Pays 2012 IMO Assessment Due

Liberia has paid her Annual International Maritime Organization (IMO) Assessment due in the amount of £2,940,426.35 (Two million nine hundred forty thousand four hundred twenty-six pounds and thirty-five pence). The presentation of the symbolic cheque was done at the Headquarters of the International Maritime Organization in London on Monday, March 19, 2012.

The Liberian Registry has more than 3500 ships of more than 120 million gross tons, which represents about 11% of the world's total sea going fleet. The registry is the second largest and since Assessment Dues are paid based on total gross tonnage, is consequently the second highest due payer which constitutes up to one-third (1/3) of the total International Maritime Organization (IMO) Budget. The IMO has 170 member states.

As the world's premier open ship registry, the Liberian Maritime Program is renowned for quality, efficiency, safety and service. Likewise, the Liberian Registry is recognized at the top of every industry ''white-list'' including the International Maritime Organization and the major Port State Control authorities such as the US Coast Guard as well as the Paris and Tokyo MOU regimes.

It can be recalled that Liberia also paid a single lump sum Assessment Fee of more than four million British pounds last year, thus making her the only IMO member state to pay that amount at a given time. Commissioner Kesselly expressed his satisfaction with Liberia's regular due payments to the IMO, especially in the wake of Liberia's recent re-election to the Council of the International Maritime Organization.

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