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ARTICLE · 29 APRIL 2015

The Wreck Removal Convention

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The removal of wrecks is not the easiest of tasks and it has proven to be quite costly.

MaltaTransport
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The removal of wrecks is not the easiest of tasks and it has proven to be quite costly. Undoubtedly, the financial costs dealing with wrecks have been on the increase over the past ten years. Wreck Removal mainly involves the removal of dangerous wrecks which have some value or none at all. As of the 14th of April 2015, Malta and the other sixteen signatory states shall be governed by the Nairobi International Convention on the Removal of Wrecks, 2007.

The Convention will certainly have an impact on Malta's maritime activities, since in relation to the Maltese Territorial waters the Convention intends to bar incoming or outgoing ships of 300 gross tonnes or more which are not in possession of a valid insurance certificate or other valid financial security.

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