The Liberian Registry has released a series of new maritime laws and procedural improvements in response to the needs of ship-owners and the ship finance and legal community.
“These amendments have long been asked for by the shipping community and sets Liberia even further ahead of other flag States that maintain their bureaucratic and archaic procedures and services,” said Alfonso Castillero, CEO of the Liberian International Ship & Corporate Registry (LISCR).
The amendments provide that Liberia now accepts the electronic filing of mortgage instruments.
The amendments clarify that mortgage debt documents, such as a loan agreement or a hedge agreement, do not need to be provided or recorded together with the mortgage instrument.