ARTICLE
3 August 2018

New Circular On Use Of Electronic Certificates

EN
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.
These electronic signatures are tamper-proof and their validity can be verified through an online authentication service.
Cyprus Transport

The Deputy Ministry of Shipping recently issued a circular informing recognised organisations, security organisations, 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 organisations in electronic form, provided that they satisfy the International Maritime Organisation requirements set out in its Guidelines for the Use of Electronic Certificates (FAL5/Circ 39/Rev 2).

Documents with electronic signatures that comply with the guidelines can be shared with charterers, ports, flag administrations, insurers and others. These electronic signatures are tamper-proof and their validity can be verified through an online authentication service.

The Deputy Ministry of Shipping encourages all recognised organisations acting on behalf 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, the circular makes clear that the existing practice of issuing physical certificates is still acceptable.

Originally published in ILO

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