Use Of Electronic Certificates

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Elias Neocleous & Co LLC

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Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
The Deputy Ministry of Shipping has recently issued a circular informing Recognized Organizations and Recognized Security Organizations, and registered owners, bareboat charterers, managers...
Cyprus Transport

The Deputy Ministry of Shipping has recently issued a circular informing Recognized Organizations and Recognized Security Organizations, and registered owners, bareboat charterers, managers and representatives of ships flying the Cyprus flag that it now accepts statutory certificates issued to Cyprus-flagged vessels by Recognised Organizations in electronic form, provided that they satisfies the requirements of the International Maritime Organization set out in its publication FAL.5/Circ.39/Rev.2 (Guidelines for the use of electronic certificates).

Documents with electronic signatures complying with the guidelines are safe and easy to share with charterers, ports, flag administrations, insurers and others. They are tamper-proof, and their validity can be verified through an online authentication service.

The DMS encourages all Recognised Organizations acting on behalf of the Republic of Cyprus to develop the necessary capabilities to enable the issuance of electronic statutory certificates, in order to reduce administrative requirements and enhance efficiency and security.

Nevertheless, as the circular makes clear, the existing practice of issuing physical certificates is also acceptable.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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