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Wreck Removal Certificate

A4. Other IMO and ILO conventions and codes

Definition

Required under Nairobi WRC for ships of 300 GT and above.

The wreck-removal insurance certificate evidences the compulsory financial security a registered owner must hold under the Nairobi International Convention on the Removal of Wrecks, 2007 for ships of 300 GT and above. The convention was adopted on 18 May 2007 and entered into force on 14 April 2015. Article 12 requires owners to maintain insurance or other security covering liability for locating, marking, and removing a wreck that endangers navigation or the marine environment, and it gives claimants a right of direct action against the insurer. A state party issues the certificate; ships of 300 GT and above must carry it. Liability limits track the LLMC regime.

Source: Nairobi International Convention on the Removal of Wrecks, 2007