Liscr Articles of Agreement

The Liberian International Ship and Corporate Registry (LISCR) is a privately-owned organization that manages the Liberian Registry. The LISCR Articles of Agreement, also known as the „Liberian Corporate Charter,“ are the legal framework that governs the operations and management of the Liberian Registry.

The LISCR Articles of Agreement were first established in 1948 and have since been amended several times to reflect changes in international maritime regulations and business practices. The document outlines the structure and function of the Liberian Registry and sets forth the rights and obligations of shipowners and other entities registered with the registry.

One of the key features of the LISCR Articles of Agreement is the „open registry“ system that allows ships from any country to register in Liberia. This system has made the Liberian Registry one of the largest and most popular in the world, with over 4,000 vessels currently registered under the Liberian flag.

Another important aspect of the LISCR Articles of Agreement is the provision for „bareboat charters,“ which allows shipowners to lease their vessels to other parties without transferring ownership. This allows shipowners to generate income from their vessels while retaining control over how they are operated.

The LISCR Articles of Agreement also include provisions for the protection of the environment and the safety of crew members and passengers. The registry is subject to regular inspections and audits to ensure compliance with international maritime regulations.

In addition to these provisions, the LISCR Articles of Agreement also establish a comprehensive legal framework for the resolution of disputes between shipowners and other parties registered with the Liberian Registry. This includes the establishment of a dedicated Maritime Court in Liberia, as well as provisions for arbitration and other forms of alternative dispute resolution.

In summary, the LISCR Articles of Agreement are a fundamental component of the Liberian Registry, providing the legal framework that governs its operations and management. With its open registry system, bareboat charter provisions, and emphasis on environmental protection and safety, the Liberian Registry has become one of the most respected and trusted in the world.