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March 10, 2004

Lloyds Register signs broader agreement with Greece

Lloyd's Register has become the first classification society to sign a new, broader, agreement with Greece covering delegation of statutory services to a recognized organization (RO).

A recognized organization (RO) is a body that carries out statutory inspections on behalf of a flag state administration. In their RO role, classification societies dealing with international conventions such as SOLAS, MARPOL and Load Line.

The new agreement provides a significantly higher degree of delegation and includes certification for passenger ships, the International Ship and Port Facility Security Code and ships engaged exclusively on domestic voyages.

The agreement marks the first time that the Greek maritime authorities have entrusted statutory certification of the country's domestic ferry fleet to an international RO. 

At the signing ceremony, Alan Gavin, Marine Director of Lloyd's Register, said: "Lloyd's Register is honored to be the first classification society to sign this new agreement with Greece. The Greek-controlled fleet is the most significant in Europe, at almost 90 million gross tonnes. We will continue to work closely with the Greek administration and shipowner associations to raise the quality of ships flying the Greek flag. Today's signing will allow Lloyd's Register to accelerate the ISPS certification of the Greek fleet, as well as expanding its role into the certification of passenger ships, both international and domestic."

Vice-Admiral Delimichalis Christos, Commandant of the Hellenic Coast Guard, said: "The signing of this agreement between the Greek Ministry of Mercantile Marine and Lloyd's Register will be mutually advantageous and will promote marine safety and the protection of the marine environment. I believe that together-- ourselves on the administrative and legislative level and Lloyd's Register on the technical and service-provision level--we can contribute positively towards the future development of the worldwide shipping industry."

Lloyd's Register classes 28% of the Greek-controlled fleet, comprising some 880 ships totaling 25 million gross tonnes, with 133 ships on order. In addition, Lloyd's Register is the market leader for Greek-flag ships, with a market share of 33%, representing 9.8 million gross tonnes.

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