North Korea Ratifies Wreck Removal Treaty

The Democratic People’s Republic of Korea has ratified the International Maritime Organisation’s (IMO) Nairobi International Convention on the Removal of Wrecks. This brings the total number of states to accede to the treaty to 35.

The convention, which entered into force in 2015, provides the legal basis for states to remove, or have removed, shipwrecks that may threaten the safety of lives, goods and property at sea, as well as the marine environment.

The convention was adopted in 2007 and its contracting states currently represent just over 60% of the world’s merchant fleet tonnage.

The treaty makes shipowners financially liable and requires them to take out insurance or provide other financial security to cover the costs of wreck removal. It also provides states with a right of direct action against insurers.

Kim Kwang Min, Counsellor, Deputy Permanent Representative of North Korea to IMO, North Korean Embassy in London, met IMO Secretary-General Kitack Lim to deposit the instrument of accession on May 8.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >