International Registries

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International Registries, Inc. (IRI) is a company based in Reston, Virginia, United States, which operates the flag of convenience ship registry and corporate registry of the Marshall Islands on behalf of the Republic of the Marshall Islands (RMI). [1]

The company began as "Stettinius associates-Liberia, Inc.", a company founded in 1948 by Edward Stettinius, Jr. to operate flag of convenience registry in Liberia. After a series of mergers, Stettinius associates became IRI. IRI then moved from Liberia to the Marshall Islands after Liberia's president Charles Taylor demanded too much money from the company. [2] [3]

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<span class="mw-page-title-main">Liberia</span> Country in West Africa

Liberia, officially the Republic of Liberia, is a country on the West African coast. It is bordered by Sierra Leone to its northwest, Guinea to its north, Ivory Coast to its east, and the Atlantic Ocean to its south and southwest. It has a population of around 5 million and covers an area of 43,000 square miles (111,369 km2). English is the official language, but over 20 indigenous languages are spoken, reflecting the country's ethnic and cultural diversity. The country's capital and largest city is Monrovia.

The economy of Liberia is extremely underdeveloped, with only $3.222 billion by gross domestic product as of 2019, largely due to the First (1989–1996) and Second Liberian Civil War (1999–2003). Liberia itself is one of the poorest and least developed countries in the world, according to the United Nations.

<span class="mw-page-title-main">Marshall Islands</span> Country near the Equator in the Pacific Ocean

The Marshall Islands, officially the Republic of the Marshall Islands, is an independent island country and microstate near the Equator in the Pacific Ocean, slightly west of the International Date Line. Geographically, the country is part of the larger island group of Micronesia. The country's population of 58,413 people is spread out over five islands and 29 coral atolls, comprising 1,156 individual islands and islets. The capital and largest city is Majuro. It has the largest portion of its territory composed of water of any sovereign state, at 97.87%. The islands share maritime boundaries with Wake Island to the north, Kiribati to the southeast, Nauru to the south, and Federated States of Micronesia to the west. About 52.3% of Marshall Islanders live on Majuro. In 2016, 73.3% of the population were defined as being "urban". The UN also indicates a population density of 760 inhabitants per square mile (295/km2), and its projected 2020 population is 59,190.

<span class="mw-page-title-main">Transportation in the Marshall Islands</span>

Railways: 0 km

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<span class="mw-page-title-main">Flag of Sierra Leone</span> National flag

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<span class="mw-page-title-main">Monrovia</span> Capital, chief port, and the largest city of Liberia

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<span class="mw-page-title-main">Flag of convenience</span> Registering a ship in a foreign country

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<span class="mw-page-title-main">Edward Stettinius Jr.</span> American businessman and diplomat (1900–1949)

Edward Reilly Stettinius Jr. was an American businessman who served as United States Secretary of State under Presidents Franklin D. Roosevelt and Harry S. Truman from 1944 to 1945, and as U.S. Ambassador to the United Nations from 1945 to 1946.

IRI or I.R.I. refers to:

Companies in the Republic of Liberia are regulated by a variety of laws. The corporate laws of Liberia were promulgated over 50 years ago to provide an offshore jurisdiction for ship owners and the international financial community. LISCR has been appointed by the Government of Liberia as its agent, to manage the corporate registry, and to act as the sole registered agent for corporations registered in Liberia, but having their place of business elsewhere. The corporate registry is managed by LISCR located in Dulles, Virginia in the US and an office in Zurich, Switzerland.

The flag state of a merchant vessel is the jurisdiction under whose laws the vessel is registered or licensed, and is deemed the nationality of the vessel. A merchant vessel must be registered and can only be registered in one jurisdiction, but may change the register in which it is registered. The flag state has the authority and responsibility to enforce regulations over vessels registered under its flag, including those relating to inspection, certification, and issuance of safety and pollution prevention documents. As a ship operates under the laws of its flag state, these laws are applicable if the ship is involved in an admiralty case.

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Ship registration is the process by which a ship is documented and given the nationality of the country to which the ship has been documented. The nationality allows a ship to travel internationally as it is proof of ownership of the vessel.

<i>Discoverer Enterprise</i>

Discoverer Enterprise is a fifth generation deepwater double hulled dynamically positioned drillship owned and operated by Transocean Offshore Deepwater Drilling Inc., capable of operating in moderate environments and water depths up to 3,049 m (10,000 ft) using an 18.75 in (47.6 cm), 15,000 psi blowout preventer (BOP), and a 21 in (53 cm) outside diameter (OD) marine riser. From 1998 to 2005 the vessel was Panama-flagged and currently flies the flag of convenience of the Marshall Islands.

SS <i>Francisco Morazan</i> (1922) German built cargo ship wrecked in Lake Michigan

Francisco Morazan was a 1,442 GRT cargo ship that was built in 1922 as Arcadia by Deutsche Werft, Hamburg, for German owners. She was sold in 1934 and renamed Elbing. She was seized by the Allies in the River Elbe, Germany in May 1945, passed to the United Kingdom's Ministry of War Transport and renamed Empire Congress. In 1946, she was allocated to the Norwegian Government and renamed Brunes.

<i>Aquarius Dignitus</i>

The MV Aquarius, formerly Aquarius Dignitus and Aquarius 2, is a 1977-built dual-flagged search and rescue vessel, which has been used to rescue refugees and migrants stranded in the Mediterranean Sea since 2016. It has been chartered and operated since February 2016 by the NGOs SOS Méditerranée and Médecins Sans Frontières as a rescue vessel for migrants and refugees making the Mediterranean crossing in makeshift craft from Libya to Italy as part of the European migrant crisis.

References

  1. "Marshall Islands guns for Liberia's second spot flag status". Lloyds List. Europe Intelligence Wire. October 26, 2005. Retrieved 10 January 2010.
  2. Rodney Carlisle, "The 'American Century' implemented: Stettinius and the Liberian flag of convenience", The Business History Review, 54, no.2 (1980).
  3. Khadija Sharife, "Oil makes its own laws", Le Monde Diplomatique English Edition, July 2010, p.1.