ABSTRACT

The legislative changes introduced in 2002 incorporated, among other things, improved ship mortgage financing laws and provided for the formation of new types of corporate vehicles.

Vessel eligibility

Vessel type

16.3 Self propelled or sailing vessels of 20 net tons and over engaged in trade exclusively between ports of Liberia; vessels over 500 net tons engaged in foreign trade; and pleasure boats of 24 metres or over may be registered (s.51).