IMO International Maritime Organization [to 18 April 2015]
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The Nairobi Wreck Removal Convention enters into force on 14 April
13/04/2015
The Nairobi International Convention on the Removal of Wrecks enters into force on Tuesday (14 April 2015). The Convention places strict liability on owners for locating, marking and removing wrecks deemed to be a hazard and makes State certification of insurance, or other form of financial security for such liability, compulsory for ships of 300 gt and above. It also provides States Parties with a right of direct action against insurers.

The Convention fills a gap in the existing international legal framework by providing a set of uniform international rules for the prompt and effective removal of wrecks located in a country’s exclusive economic zone or equivalent 200 nautical miles zone. The Convention also contains a clause that enables States Parties to “opt in” to apply certain provisions to their territory, including the territorial sea…