Liberian Registry introduces simplified vessel registration process

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The Liberian Registry has announced its Expedited Registration Process, or ERP, effective as of 1st January 2020, in an effort to further streamline the registration and re-registration of vessels in the Liberian Registry.

The new process reduces the number of requirements and allows for technology and digital files to replace tedious administrative work, creating a more simplified process overall. The Registry says the new ERP is a prime example of its commitment to reducing redundant workflows, saving time and leveraging technology in order to provide a better user experience for its clients.

Alfonso Castillero (pictured left), COO of the Liberian International Ship and Corporate Registry (LISCR), the US-based manager of the Liberian Registry, said: “This is a reduction of 50% of our registration time; time is important and we want to offer simpler and faster solutions than our obsolete competitors. With the data we have collected accompanied by our software, we don’t need to burden our clients by asking for the same information twice.

“We want to continue to differentiate ourselves from the rest. We want to make our clients’ lives easier.”

Chief Registrar of the Liberian Registry, Greg Maj (pictured right), described the benefits, noting that “the vessel vetting is done electronically and within minutes, while all supporting documents are now accepted in E-form prior to registration and post-closing. Furthermore, class documents are no longer required at initial registration for most ROs, as the data is already automatically exchanged.”

Additional changes implemented by the ERP include abbreviated application for registration, in-house verification of recorded signatures, the acceptance of digital versions of original documents, reduced need for Evidence of Authority and much more.

The Liberian Registry continues to invest heavily in technology to streamline processes, and as a result of this vision, it grew by 20 million GRT in 2019.

 

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