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Announcement:
Panama reduces ISPS charges
  
PHOENIX Management Services Group has significantly reduced its charges for assessing Panama-flagged ships' ISPS compliance by up to 25% after talks with the Panama Maritime Authority (AMP) earlier this week.

Charges have been reduced from $1,500-$3,000 per ship security plan to $950-$2,000 per ship.

These price objections were why Phoenix had not received any of the 6,500 plans needed to be approved by the July 2004 deadline, its managing director Jerry Peterson said last Friday.

However AMP administrator Bertilda Garcia said more than 40 plans had been lodged with Phoenix, as news of the price reduction emerged. Following the Monday meeting, Peterson was asked if Phoenix was happy about the reduction. "That's a tough question to ask. That's a hard one. We have agreed to do it and it is probably the right thing to do," he said. Phoenix Management Services is the sole Recognised Security Organisation to approve ship security plans.

Who will verify and issue the ship security certificates is yet to be announced but is expected to be undertaken by classification societies.

Lloyd's Register - Fairplay 18 September 2003.
 



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