Chilean New Certification Requirements for Wreck Removal

With effect from 6th June 2001 the Chilean Maritime Authority require evidence of satisfactory and sufficient (a) insurance, or (b) financial guarantee, or (c) internationally accepted P&I coverage in respect of wreck removal and subsequent liability for vessels calling at Chilean ports. Except for warships or other government ships not engaged in commerce, these regulations apply to all ships of 500 GT and over.