CAPITAL,VOYAGE AND OPERATING COST OF SHIP. CHIEF ENGINEERS ROLE AND MODERN PRINCIPLE OF INVENTORY MANAGEMENT

Discuss the capital,voyage and operating costs of ship operation and explain chief engineer’s role in optimizing them.

what are the modern management principles used in inventory control.

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CAPITAL, VOYAGE AND OPERATING COST OF SHIP

                THE COST ASSOCIATED WITH COMMERCIAL SHIPPING ARE IMMENCE, THE SHIPPING COST MAINLY DEVIDES AS CAPITAL COST, VOYAGE COST AND OPERATIONAL COST THE OPERATIONAL COST IS INCLUDING PERIODICAL MAINTENANCE COST AND CARGO HOLDING COST.

CAPITAL COST

THE OWNER OF THE SHIP MAKES INVESTMENT FOR PURCHASE OF SHIP WHICH IS THE CAPITAL COST OF THE OWNER/COMPANY. IT INCLUDES

1. COST OF THESHIP

2. INTEREST ON LOAN/DIVIDEND ON SHARES

3. PRE DELIVERY COSTS, INITIAL REGISTRATION CHARGES AND INSURANCE CHARGES

4. DEPRECIATION VALUE OF THE SHIP ON ANY METHOD

VOYAGE COST

VOYAGE COST CONSISTS OF

1. BUNKER CHARGES      DEPENDS ON FUEL PRICES AND FUEL CONSUMPTION RATE/DAY OR HOUR AT GIVEN SPEED ON DIFFERENT SEA STATES. THE FUEL CONSUMPTION DIRECTLY PROPORTIONAL TO THE ENGINE EFFICIENCY, SPEED, CONDITION AND DESIGN OF HULL.

COST OF FRESH WATER / WATER MAKING CHARGES ALSO CONSIDERED

2.PORT CHARGES             DEPENDS ON TONNAGE OF SHIPS INCLUDING DOCKING AND WARFAGE CHARGES MOORING/UNMOORING, PORT DUES, PILOTAGES, TUGS, GARBAGE DISPOSAL ETC.

3.CARGO HANDLING COST          LOADING AND DISCHARGING COST TO SERVICE RENDERS

4.CANAL DUES  TRANSIT OF CANALS eg. PANAM,SUEZ

5.AGENCY COMMISSION AND TAXES ON FREIGHTS ANOTHER VOYAGE COSTS

OPERATIONAL COSTS

MANNING COSTS  WHICH  INCLUDES  CREW SALARY,CREW ESTABLISHMENT COST, CREW REPATRIATION, MEDICAL EXPENDS, TRAINING ETC.

STORES AND LUBRICANTS  INCLUDES SPARE PARTS, DECK AND ENGINE STORES, LUBE OIL FOR OPERATING SHIP AND PROVISION FOR CREWS.

REPAIRS AND MAINTENANCE  ROUTINE MAINTENANCE AND REPAIRS OF THE SHIP FOR MAINTAIN THE SHIP AS PER CLASS AND ADMINISTRATION REQUIREMENT

INSURANCE COST   COVERS RISK RELATED TO HULL & MACHINERY,WAR RISKP&I, CARGO CLAIMS, THIRD PARTY CLAIMS,OIL BONDS,WRECK REMOVAL FUNDS ETC.

ADMINISTRATIVE COSTS  IT INCLUDES THE EXPENDITURE OF OFFICE

CHIEF ENGINEERS ROLE ON OPTIMIZING THE COSTS

                THE CHIEF ENGINEER HAS IMPORTANT ROLE ON ECONOMICAL OPERATION OF SHIP BY REDUCING OPERATIONAL AND VOYAGE COST BY MAINTAINING THE ENGINE AND MACHINERIES. THIS REDUCING THE FUEL OIL CONSUMPTION AND ELIMINATE THE BREAK VOYAGES, RUNNING THE ENGINE AT ECONOMICAL SPEED AT DIFFERENT SEA STATE & CHARTER REQUIREMENTS. ALSO BY EFFICIENT INVENTORY CONTROL AND PERIODICAL MAINTENANCE.

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PRINCIPLE OF MODERN INVENTORY MANAGEMENT

            AN INVENTORY OF SPARE PARTS SUFFICIENT TO MEET THE NEED POSED BY THE SHIP PLAN OF OPERATION IS MAINTAINED ONBOARD.

                THE INVENTORY CONTROL SHOULD ENSURES THE SUPPLY OF REQUIRED QUALITY  AND QUANTITY OF INVENTORY AT REQUIRED TIME AND AT THE SAME TIME PREVENTS UNNECESSARY INVESTMENT IN INVENTORIES

THE KEY PRINCIPLE INVENTORY MANAGEMENT IS BASED ON -

ACCURACY

AN ACCURATE INVENTRY CONTROL SYSTEM GIVES THE NUMBEER OF UNITS THAT ARE IN STOCK.THE SYSTEM ACHIEVE A HIGH ACCURACY FOR ON HAND QUANTITIES BY COUNTING THE NUMBER OF UNITS  IN INVENTORY AND SUBSTRACTING THE NUMBER OF UNITS TAKEN FROM INVENTORY. SHOULD BE PHYSICALLY COUNT THE UNITS  PERIODICALLY REMAIN IN STOCK AND COMPARE  WITH THE INVENTORY CONTROL SYSTEM

SECURITY

THE KEY FUNCTION OF INVENTORY CONTROL SYSTEM THAT KEEP MATERIAL IN INVENTORY SECURELY. MUST CONTROL ACCESS TO STORE AND PREVENT DAMAGE. IF MATERIAL IS DAMAGED DURING HANLING OR WHILE IN INVENTORY, TRACK THE DAMAGED ITEM AND ANALYZE HOW IT DAMAGED AND PREVENT RECURRENCE SAME TIME REMOVES THE DAMAGED MATERIAL FROM  INVENTORY AND SYSTEM.

LOCATION

AN EFFECTIVE INVENTORY CONTROL SYSTEM WILL REVEAL THE EXACT LOCATION OF THE MATERIAL  AS WELL AS THE NUMBER OF INVENTORY. THE STORES ARE ORGANISED ON A GRID WITH AISLESS,ROW NUMBERS AND NUMBERED SHELVES. TRACKING THE PHYSICAL LOCATION OF AN INVENTORY MAKES THE PERIODICAL PHYSICAL VERIFICATION LESS TIME CONSUMING

DEMAND

AN INVENTORY CONTROL SYSTEM HAS TO BE ESTIMATE FUTURE DEMAND.SHOULD BE DEMAND FORECASTING. ACCURATE DEMAND FORECASTING HAS THE HIGHEST POTENTIAL SAVING, BOTH OVER AND UNDER SUPPLY CAN HAVE CRITICAL BUSINESS COST

MODERN INVENTORY MANAGEMENT TECHNIQUES

                THERE ARE LOT OF MODERN INVENTORY MANAGEMENT TECHNIQUES SOME OF ARE-

JUST IN TIME (JIT) – THE ITEM REQUIRED TO PURCHASE IS ORDERED A FEW DAYS BEFORE IT IS NEEDED. SO THAT IT ARRIVES AT JUST IN TIME FOR USE. IT HELPS TO SAVE ON INVENTORY HOLDING COST BY KEEPING STOCK LEVEL LOW

ABC ANALYZE

                IT DIVIDING ON HAND INVENTORY IN TO THREE CATEGORIES. A,B AND C BASED ON ANNUAL CONSUMPTION UNIT, INVENTORY VALUE AND COST SIGNIFICANCE

A – ITEMS OF HIGH VALUE (70%) AND SMALL IN NUMBER (10%)

B  - ITEMS OF MODERATE VALUE (20%) AND MODERATE IN NUMBER (20%)

C  - ITEMS OF SMALL VALUE (10%) AND LARGE IN NUMBER (70%)

                THIS ALLOWS FOR THE PRIORITIZATION IN TERMS OF MANAGING DIFFERENT GOODS AND INVENTORY, WHERE SELECTIVE CONTROL AND ALLOCATION OF FUNDS AND HUMAN RESOURCE IS DEPLOYED

DROP SHIPPING  THIS ELEMENTS THE COST OF HOLDING INVENTORY ALTOGETHER IN DROP SHIPPING AGREEMENT

CROSS DOCKING AND BULK SHIPMENTS ARE OTHER  SOME OF INVENTORY TECHNIQUES

THE WOMAN SEAFARERS ARE SAFE ?

THE WOMAN SEAFARERS ARE SAFE?

 

                An unexpected help request from a woman seafarer working as second officer at an well known  approved  Honkong based with 110 years experienced  ship management company having more than 400 ships and 7000 seafarers with lots of awards and accreditation, themselves claims that pioneers of maritime world and seeing seafaring as career not as job, is noticed the difficulties of woman seafarer and lead to  this article

The incident as on her words that she has an professional friction with chief engineer officer on ship, also he always passing sarcastic comments to her which was ignored by her. on a day during bunkering the chief engineer used abusive words on walkie talkie the same aired which heard all crew members on duty, next day afternoon the officer shouted to her in front of  master and duty AB at bridge and followed  a heated argument between both.at the time the master sent down the AB

                Quoted same incident she complained to the master against chief engineer, but as keeping good relation to the chief engineer the master didn’t responded to the complaint, the despised  lady officer complained to her company regarding the incident along with chief officer, third officer and duty seaman’ s signed statements

                The responsible fleet personnel may found difficulties to deal the issue diplomatically or to take action against chief engineer officer they decided to sack easily available second officer rather than take action on precious chief engineer. And company signed off second officer without a notice and  reason and this is reported to her just 12 hrs before the departure. Getting notice the lady contacted to office and requested to not signed off at lome, Togo .the African port which is critical in crime rating, all requests are vain they signed off as they planned and relieved from the anchorage and sent her by a boat. The boat left her at jetty unattended. At  jetty few guys came and started pictures and throwing comments to them at beginning and at last molested her. by god’s grace she escaped from there and reached Mumbai on her office and described to the office what she suffered . the great company officials response was “its quiet normal and it can happen anywhere”.

                Its embarrassing the master and companies irresponsible action as the company and ship following Maritime Labour Convention, and challenging their power above all rules regulation and administration, the stake holders hold on the administration and the relationship  between the company bearers and office bearers of the administration knowing lady officer hesitates to complain this issue to grievance officer and first appellate authority as her passion to the career, if any compliant to the administration she fears her dreams will cremated, will lose jobs from current and other company and also affects her future examination. these are the advice what she got from the industry, and she pointing out whats the favorable action to common seafarer from the administration which her company has stake. all the way the seafarer is suffers

               

                The era we are passing the united nation and its counterpart International maritime organisation, International labour organisation and  all flag state administration are promoting woman’s participation in seafaring and giving special consideration to securing equal access in men and woman in all sectors of shipping. the Busan declaration on 2013is underlined this. the above said incident is require special attention to all administration to be keenly  checked where our woman seafarers are safe, secured and facing any discrimination at their work, taking seriously above incident all the administrations and rule makers to be provide special task and  instructions to the companies and administrations during signing on/off ,work spot they should not be exploited and revenged, attention to be provided and tracked them continuously at their tenure after leaving home and back. it should included one of the responsibility of the company to brought back the woman seafarer safely at her home.

PROCEDURES OF ONLINE CDC RENEWAL

CDC RENEWAL PROCEDURE THROUGH ONLINE

1.GO TO DG SHIPPING WEBSITE   http://dgshipping.gov.in
2.BEFORE APPLY FOR CDC RENEWAL SEAFARERS PROFILE MUST BE UPDATED
2.CLICK E GOVERNANCE TAB AS SHOWING BELOW

3.FOR SEAFARERS PROFIL REGISRATION CLICK ON SEAFARERS REGISTRATION
4. FOR UP GRADATION AND CDC RENEWAL CLICK E GOVERNONCE

5.LOGIN BY USING INDOS NUMBER AND PASSWORD

6.FOR UPDATION OF SEAFARERS PROFILE CLICK UPDATE SEAFARER PROFILE
7.FOR RENEWAL OF CDC CLICK CDC MANAGEMENT
   RENEWAL IS IN STICKER FORM AND REPLACEMENT IS NEW BOOK

8. CLICK ON SUBMIT APPLICATION ON LEFT HAND CORNER
9.FOR REPLACEMENT OF CDC CLICK ON DOWNLOAD  AND DOWNLOAD  DECLARATION FORM

10. SELECT THE SHIPPING OFFICE OF CDC RENEWAL/REPLACEMENT  APPLICATION TO BE SUBMITTED, FILL THE RELEVANT DATA ON THE COLUMN ,
 U CAN SUBMIT ANY OF SHIPPING OFFICE FOR RENEWAL AND REPLACEMENT AS OF YOUR CONVENIENT, IRRESPECTIVE OF ISSUING OFFICE

SHIPPING OFFICE ADDRESS
SHIPPING OFFICE MUMBAI
Shipping Master
Government Shipping Office
Nau Bhavan, 10 R,K, Marg, Mumbai-400 001
Tel No: 022-22697971-72

SHIPPING OFFICE CHENNAI
Shipping Master
Govt. Shipping Office,
Anchorgate Building, 3rd Floor,
P.B.No.5004, Rajaji Salai,
Chennai ?600 001
Tel No: 044-25229674

SHIPPING OFFICE KOLKATA
Shipping Master,
Government Shipping Office
Marine House, Hastings, Kolkata-700 022
Tel No: 033-22230517/527

http://www.signpoint.in/index.html

FOR ALL TYPES OF SAFETY SIGNAGES  www.signpoint.in

11. FOR RENEWAL CDC ORIGINAL CDC SHOULD NOT BE SENT TO THE SHIPPING OFFICE THE RENEWAL IS ON THE FORM OF STICKER WHICH SHOULD AFFIX ON ADDITIONAL PAGE OF CDC
12. CHECK I AGREE COLUMN
13. CLICK ON GENERATE APPLICATION NUMBER
14. AFTER GENERATING APPLICATION NUMBER PAY FEES(100/-RUPEES) ONLINE BY DEBIT/CREDIT/ONLINE BANKING AFTER SUCCESS FULL PAYMENT PRINT OR SAVE THE RECIEPT

15. CLICK ON OTHERS TAB
16.CLICK ON DROP DOWN TABLE PAY FEES,UPLOAD DOCUMENT & VIEW APPLICATION STATUS YOU CAN PAY FEES FROM HERE ALSO

 17. AFTER PAYING FEES OTHERS TAB DROP DOWN MENU VIEW APPLICATION STATUS  VIEW SUBMITTED DATA COLUMN CLICK ON VIEW AND TAKE PRINTOUT OF APPLICATION , SIGN THE APPLICATION AND SCAN THE APPLICATION
18.CLICK ON DOCUMENT UP LOAD, UPLOAD  REQUESTED DOCUMENTS
a) SCANNED COPY OF SIGNED APPLICATION
b) PASSPORT SIZE PHOTO 3.5 X3.5 cm IN WHITE SHIRT
c) SELF ATTESTED SCANNED COPY OF CDC FIRST AND LAST TWO PAGES
   LAST TWO PAGES MEANS LAST STAMPED TWO PAGES 
d) SELF ATTESTED SCAN COPY OF PROOF OF INDIAN CITIZEN SHIP DOCUMENT(PASSPORT OR ANY OTHER DOCUMENT)
IF REQUIRED UPLOAD SIGNATURE IN THE SIZE OF 3.5 x  1.5 CM DIMENSION

AFTER SUCCESSFUL SUBMISSION  CHECK THE APPLICATION STATUS BY CLICKING OTHERS TAB FOR STATUS OF APPLICATION

FOR REPLACEMENT THE FOLLOWING TO BE SENT BY SPEED POST TO CONCERNED SHIPPING MASTER OFFICE
 1. SIGNED APPLICATION FORM
 2.  THE ORIGINAL CDC ( WHICH WILL RETURN ALONG WITH NEW CDC BOOKLET)
 3. 2.NOS PASSPORT SIZE PHOTOS

ENQUIRY

ANY ENQUIRY/GRIEVANCE/ISSUES REGARDING APPLICATION CAN BE ADDRESSED THROUGH E-MAIL ON sm-mum-ship@gov.in

REGISTRATION OF INDIAN SHIP

REGISTRATION OF INDIAN SHIP

For a ship registered in India, the ship is owned by

A citizen of India

A company or a body established or under any central or state act which has its principal place of business in India or

A co-operative society which is registered or deemed to be registered under the co-operative societies act

Company should be registered with mmd and dgs

The owner or agent shall apply for the name approval proposed for the ship to the port of registrar on prescribed format a

A copy of previous certificate of registry  for second hand vessel and a copy of ships details from the builder for a new vessel

A copy of memorandum and article of association of the company

Vessel of 25 years and above need technical clearance

Three names in Hindi and English to be suggested

Along with the application for allotment of name ,official number and call sign combined with the application for allotment of mmsi number will be made by the owner through the registrar to dgs

Carving and marking note

Application for carving and marking note on letter head of the company

Approved tonnage certificate issued by flag or state

Signing of declaration of ownership

Declaration of ownership on prescribed form

To be signed before principal officer/authorised person

Survey of carving and marking on ship

Application of survey of carving and marking onboard ship

Carving and marking survey of vessel will be done by mmd or class surveyor

Certificate of survey,

The registrar shall issue to owner a carving and marking note, which shall be returned to registrar after the carving and marking have been carried out and certified by the surveyor

Permanent or provisional registry

An application to the office of the registrar of indian ships with form as per check list

Declaration of ownership, Original board resolution for a company or signed by all the partners for the partnership firm

Builder’s certificate

Instrument of sale

Original carving & marking duly verified by the surveyor, certificate of survey

A provisional certificate of registry issued to the vessel for six months, if the vessel is abroad or if the documents are not complete as per the requirement

On compleation of preliminaries of registry the registrar shall enter the following particulars

Name of port and where she belongs

The ship identification number

The particular respecting her origin stated in declaration of ownership

The name and description of ships registered owner/owners and the number of shares owned by them

On registry the registrar shall retain following

The surveyors certificate and the builders certificate

Any instrument of sale

All declaration of ownership

Compleation of above, registrar issues certificate of registry containing particulars entered in the register book with name of the master

Issuance of certificate of survey/certificate of registry does not entitle the vessel to ply, unless she has the required statutory certificate and valued document

NAIROBI WRECK REMOVAL CONVENTION

NAIROBI WRECK REMOVAL CONVENTION

WRECK REMOVAL CONVENTION

            THE INTERNATIONAL CONVENTION ON THE REMOVAL OF WRECKS WAS ADOPTED AT NAIROBI, KENYA ON 18^TH MAY 2007 AND KNOWN AS THE NAIROBI INTERNATIONAL CONVENTION ON THE REMOVAL OF WRECK

            INDIA HAS ACCEDED TO THE CONVENTION ON 23^rd MARCH 2011AND THE CONVENTION WILL ENTER IN TO FORCE ON 14^th APRIL 2015

            THE CONVENTION IS APPLICABLE TO ALL SHIPS ABOVE 300. GT. INCLUDING FIXED FLOATING PLATFORMS EXCEPT WHEN SUCH PLATFORMS ARE ON LOCATION ENGAGED IN THE EXPLORATION. THE CONVENTION DOES NOT APPLY TO WAR SHIPS AND STATE OWNED OR OPERATED SHIPS

            THE CONVENTION APPLIES ONLY THE EXCLUSIVE ECONOMIC ZONE (EEZ, 12 nm TO 200nm FROM BASE LINE) OF A STATE, HOWEVER STATE CAN SELECT THE APPLICATION OF PROVISION OF THE CONVENTION WITHIN THEIR TERRITORY INCLUDING THEIR TERRITORIAL SEA. (12nm. FROM BASE LINE)

            THE CONVENTION GIVES POWER TO STATE TO TAKE MEASURE TO REMOVE WRECKS LOCATED WITHIN THEIR EEZ THAT POSES A HAZARD TO NAVIGATION OR MAY RESULT IN HARMFUL CONSEQUENCE TO THE MARINE ENVIORONMENT OR DAMAGE TO THE COAST LINE ON OTHER COASTAL INTERESTS SUCH AS FISHERIES AND TOURISAM

            THE CONVENTION DOES NOT APPLY MEASURES TAKEN UNDER THE INTERNATIONAL CONVENTION RELATING TO INTERVENTION ON HIGH SEAS IN CASE OF OIL POLLUTION CASUALITIES 1969

            THE CONVENTION IMPLIES THE COMPULSORY INSURANCE PROVISIONS FOR THE SHIP OWNER OF MORE THAN 300 GT. IS TO MAINTAIN INSURANCE OR OTHER FINANCIAL SECURITY IN A MAXIMUM AMOUNT EQUAL TO THE LIMITS PRESCRIBED BY THE CONVENTION ON LIMITATION OF LIABILITY FOR MARITIME CLAIMS, THE FLAG STATE WILL ISSUE CERTIFICATE OF INSURANCE OR OTHER FINANCIAL SECURITY IN RESPECT OF LIABILITY FOR THE REMOVAL OF WRECKS (CIOFS). THE CERTIFICATE ENSURES THAT SUFFICIENT INSURANCE IS IN PLACE IN COMPLIANCE WITH CONVENTION.

WRECK

            WRECK MEANS

A SUNKEN OR STRANDED SHIP OR

ANY PART OF A SUNKEN OR STRANDED SHIP INCLUDING ANY OBJECT THAT IS OR HAS BEEN ONBOARD SUCH SHIP OR

ANY OBJECT THAT IS LOST AT SEA FROM A SHIP AND THAT IS STRANDED,SUNKEN OR ADRIFT AT SEA OR

A SHIP THAT IS ABOUT OR MAY REASONABLY BE EXPECTED TO SINK OR TO STRAND, WHERE EFFECTIVE MEASURES TO ASSIST THE SHIP OR ANY PROPERTY IN DANGER ARE NOT ALREADY BEING TAKEN

REPORTING WRECKS

            THE MASTER AND OPERATOR OF A SHIP FLYING ITS FLAGS TO REPORT TO THE AFFECTED STATE WITHOUT DELAY WHEN THAT SHIP HAS BEEN INVOLVED IN A MARITIME CASUALITY RESULTING A WRECK

            SUCH REPORT SHALL PROVIDE THE NAME AND THE PRINCIPAL PLACE OF BUSINESS OF THE REGISTERED OWNER AND ALL THE RELEVANT INFORMATION NECESSARY FOR THE AFFECTED STATE TO DETERMINE WHETHER THE WRECK POSES A HAZARD

1.PRECISE LOCATION OF THE WRECK

2.THE TYPE,SIZE AND CONSTRUCTION OF THE WRECK

3.THE NATURE OF THE DAMAGE TO, AND CONDITION OF THE WRECK

4.THE NATURE AND THE QUANTITY OF THE CARGO, IN PARTICULAR ANY HAZARDOUS AND NOXIOUS SUBSTANCES AND

5.THE AMOUNT AND TYPES OF OIL, INCLUDING BUNKER OIL AND LUBRICATING OIL ONBOARD

DETERMINATION OF HAZARD

THE TYPE SIZE AND CONSTRUCTION OF WRECK,DEPTH OF THE WATER IN THE AREA,TIDAL RANGE AND CURRENTS IN THE AREA PARTICULARLY SENSITIVE SEA AREA IDENTIFIED, PROXIMITY OF SHIPPING ROUTES OR TRAFFIC,TRAFFIC DENSITY AND FREQUENCY AND TYPE OF TRAFFIC ETC ARE HAZARD DETERMINING SPECIFICATIONS

LOCATING WRECKS

            AFTER AWARE OF A WRECK, THE AFFECTED STATE SHOULD WARN MARINERS USING ALL PRACTICABLE MEANS STATE SHALL ENSURE THAT ALL PRACTICABLE STEPS ARE TAKEN TO ESTABLISH THE PRECISE LOCATION OF THE WRECK

MARKING OF WRECK

            AFFECTED STATE SHALL ENSURE THAT ALL REASONABLE STEPS ARE TAKEN TO MARK THE WRECK AND CONFIRM INTERNATIONALLY ACCEPTED SYSTEM OF BUOYAGE IN USE AND INCLUDE IN NAUTICAL PUBLICATIONS

MEASURES TO FACILITATE TO WRECKS

            IF AFFECTED STATE DETERMINES THE WRECK A HAZARD, THE STATE SHALL IMMEADIATLY INFORM STATE OF SHIPS REGISTRY AND REGISTERED OWNER. PROCEED TO CONSULT THE STATE OF THE SHIPS REGISTRY AND OTHER STATES AFFECTED BY THE WRECK REGARDING MEASURE TO BE TAKE IN RELATION TO THE WRECK

            THE REGISTERED OWNER SHALL REMOVE THE WRECK DETERMINED A HAZARD. THE REGISTERED OWNER OR OTHER INTERESTED PARTY SHALL PROVIDE COMPETENT AUTHORITY OF THE AFFECTED STATE WITH EVIDENCE OF INSURANCE OR OTHER FINANCIAL SECURITY

            THE REGISTERED OWNER MAY CONTRACT WITH ANY SALVOR OR OTHER PERSON REMOVE WRECK ON BEHALF OF OWNER WITH THE CONDITIONS AFFECTED STATE TO ENSURE THAT SAFETY AND PROTECTION OF THE MARINE ENVIORONMENT

            IF THE OWNER DOES NOT REMOVE THE WRECK WITHIN THE DEADLINE OR OWNER NOT CONTACTED IT, AFFECTED STATE MAY REMOVE THE WRECK UNDER REGISTERED OWNERS EXPENSE