to view LiMA`s 2013 Annual Report
Transcription
to view LiMA`s 2013 Annual Report
MAKING PROGRESS 2013 Annual Report “Building a Maritime Nation” Her Excellency Ellen Johnson-Sirleaf President of the Republic of Liberia Hon. Joseph N. Boakai, Sr. Vice President of the Republic of Liberia “We must transition from a nation with a leading maritime program to a leading maritime nation.” ~President Ellen Johnson-Sirleaf~ CONTENT Introduction 1 Strategic Highlight 3 Commissioner’s Message 4 Liberia Marine Training Institute 8 Human Resource Capacity Building 11 Navigational Safety, Surveillance and Security 14 The Registry: Domestic and International 22 Office Directory 27 BOARD OF DIRECTORS Madam Theresa Leigh-Sherman Chairperson Hon. Amara M. Konneh Minister of Finance MEMBER Hon. Williard Russell MEMBER Hon. Christiana P. Tah Minister of Justice MEMBER Hon. Debar Allen Vice Chairman Hon. S. Tornorlah Varpilah Minister of Transport MEMBER Hon. Binyah C. Kesselly MEMBER INTRODUCTION The Liberia Maritime Authority (LiMA) is a State Owned Enterprise (SOE) established by an act of the National Legislature in September of 2010. LiMA replaced the Bureau of Maritime Affairs as the authority charged with the promotion of Liberia’s maritime interests. The mandate of LiMA is to ensure safe, secure, environmentally sound, efficient and sustainable shipping. LiMA is also mandated to promote safe and sustainable use of the jurisdictional waters of the Republic of Liberia. This is accomplished by adopting the highest practicable standards of maritime safety and security, and the prevention and control of pollution from ships, as well as through consideration of the related legal matters and effective implementation of domestic and international instruments with a view to ensure their universal and uniformed application. In line with its objectives, as stated in Sections 4 and 5 of the LiMA Act, the primary areas of responsibility include: Participating in the development and implementation of national and international maritime safety and marine environment protection standards; Enforcing technical and operational standards for all shipping operations in Liberian waters and ships flying the Liberian flag worldwide, to promote responsible operations in terms of seaworthiness, safety and pollution prevention; Enforcing training standards and competency of seafarers; Managing the national capability to respond to marine pollution incidents and other maritime emergencies, and Investigating maritime casualties; Providing public awareness and education in marine safety and pollution prevention; Administration of Liberia’s domestic vessel registration system; and The publication of ship safety and environmental standards. 1|Page 2013 Annual Report Vision The vision of LiMA is “to be the Premier Maritime Authority that exceeds customer expectations by providing a diversified offering of exceptional value-based products and services globally.” Mission The Liberia Maritime Program is the premier global provider that delivers "Best in Class" customer service through a diversified offering of exceptional value-based maritimerelated products and services. The Authority prides itself in safety, the welfare of seafarers, the protection of the maritime environment, and the preservation of quality service to its clients. This positions the Liberia Maritime Program as a pre-eminent driving force of the national economy, developing avenues for strategic partnerships and infrastructural development directly related to the growth objectives of the Liberian Government. 2|Page 2013 Annual Report Council (40 Members) for the 2014-2015 biennium. Liberia was elected to the “Category – C” seat of the IMO’s Council in 2011 after being off the Council since 1996. The reelection of Liberia to the Council was a result of Liberia’s direct participation in all major committee meetings and sub-committee meetings over the last two years since its election to the Council in 2011; STRATEGIC HIGHLIGHTS Manpower Development Strategy The Liberia Marine Training Institute (LMTI) graduated 80 students (52 General Purpose Rating (GPR) and 28 Standards of Training, Certification and Watch-keeping (STCW) Certificates) in May, 2013. The Institute reopened in October 2012 after being closed since 1989; LiMA commenced a six-month mandatory Maritime Internship Program for all graduates of the GPR Course, the entrylevel seafaring course. In June, 2013, 52 graduates were assigned as interns at various companies; LiMA has retained the services of 1,927 persons from targeted communities for the implementation of the Beaches and Waterways Project; LiMA has also continued the sponsorship of 194 students to her domestic scholarships program: 165 to university students and 29 to high school students; Decentralization LiMA inaugurated a regional office in Buchanan, Grand Bassa County to accommodate, inter alia, the Port State Control Inspectors, for the Ports of Buchanan, Greenville and Harper; LiMA has completed the acquisition of land to construct a permanent regional hub in Fortsville, Grand Bassa County; Leadership Liberia was re-elected to the International Maritime Organization (IMO) 3|Page LiMA recommended the establishment of the National Maritime Security Committee to the Government of Liberia. This would ensure full compliance with all IMO legal instruments, and safe guard regional leadership in maritime safety and security given the rise in acts of piracy and armed robbery in the Gulf of Guinea. International Registry LiMA contributed US$ 19,193,363.00 to the National Government for the year 2013. 2013 Annual Report Leadership Innovation Excellence On behalf of the Board of Directors, Management and Staff of LiMA, I would like to thank Her Excellency Ellen Johnson Sirleaf, President of the Republic of Liberia for providing us with a vision to build a maritime nation. We thank all those who supported our goal of positioning LiMA as a global maritime leader. I am pleased to report to you that LiMA continues to fulfill its statutory mandate while executing the President’s vision to lift Liberia higher. Fiscal year 2012/2013 has been a remarkable year punctuated by outstanding achievements. In the face of notable domestic and global economic challenges, we paid a dividend of LD 1, 631,435,855 (US$19,193,363.00) to the National Government. As promised, we delivered outputs consistent with our mandate and responsibilities. This performance is a testament to our strategic position, effective management systems, and the dedication and expertise of the 253 LiMA employees around the world. Our continued success reflects the impact of a distinct choice we have made to balance LiMA’s role as a regulatory authority with an innovative and competitive business model. 4|Page 2013 Annual Report LEADERSHIP Liberia remains highly regarded in the various organs of the IMO such as the Council, the Assembly, the Maritime Safety Committee and the Marine Environment Protection Committee. In 2011, Liberia was elected to the “Category – C” seat on the IMO’s Council after being off the Council since 1996. As a result of Liberia’s sustained leadership and direct participation in all major committee and sub-committee meetings in the preceding two-year period, in 2013, Liberia was re-elected to the IMO Council (40 Members) for the 2014-2015 biennium. We will maintain our position through active participation, and strive to play an increasing role in coordinating African input into these important forums through joint projects with our African colleagues. 5|Page 2013 Annual Report The development agenda of the African Union (AU) promotes, among other things, human capital development and improved standard of living. It is inclusive and based on a human centered approach to development. In the maritime domain of Africa, the wide variety of activities are interrelated, and all have a potential impact on the prosperity derivative through their contributions to social, economic and political stability, and safety and security. Notably, therefore, the approach to regulation and management of maritime issues and resources cannot be confined to a few select sectors or industries. At the 92nd session of the IMO Maritime Safety Committee in June 2013, the Committee expressed strong support for the on-going efforts to build capacity in member states in West and Central Africa. In the same month, senior government officials of the region convened in Cameroon to adopt the Code of Conduct concerning the prevention of piracy and armed robbery against ships and illicit maritime activity in West and Central Africa. As a signatory to the Code, Liberia intends to cooperate to prevent and repress piracy and armed robbery against ships; transnational organized maritime crimes; maritime terrorism; and illegal, unreported and unregulated (IUU) fishing and other illegal activities at sea. 6|Page 2013 Annual Report Consistent with our position as a trailblazer in the region, LiMA recommended the establishment of the National Maritime Security Committee, to ensure full compliance with all IMO legal instruments, and ensure regional leadership in Maritime Safety and Security. The successful implementation of the Code of Conduct domestically will stimulate economic development by providing the coordination necessary to develop sustainable fisheries and strengthen all sectors in the maritime industry. Leadership, Innovation and Excellence. These three tenets shall serve as the hallmark of LiMA’s drive to “Build a leading maritime Nation”. Regards, Binyah C. Kesselly Commissioner/CEO, Liberia Maritime Authority Designated Authority, International Ship and Port Facility Security, R.L. 7|Page 2013 Annual Report Liberia Marine Training Institute (LMTI) 8|Page 2013 Annual Report The Liberia Maritime Authority believes that by securing predominance in the global maritime industry and maintaining its determination to “Building a Maritime Nation”, training and career development are two vital tools that are propelling this growing industry. LiMA also recognizes that the Liberia Marine Training Institute (LMTI) is the driving force that could revolutionize the Authority’s aspiration from national objective to global reality. Time and again, LMTI continues to build on the success story each year. For instance in 2013, LMTI saw the need to revisit and update its curriculum and maintain close communication with LISCR Training Department in carrying out academic assessment to ensure that the institution meets the International Maritime Organization accreditation standards. Hoisting of the Flag Though the LMTI was reopened on October 1, 2012 after the civil war which led to the destruction of lives and properties. In early 2013, the institution witnessed a symbolic event that resulted 9|Page in the hoisting of the National Flag including the flags of IMO, LiMA and LMTI, which signifies the institution rebirth from the ruins of despair to horizon of hope. President Ellen Johnson Sirleaf, who commissioned and hoisted the flags, praised the management of the institution for their courage and dedication and promised Government fullest support in all ways to strengthen the capacity of the institution. Academic In spite of the enormous challenges faced by LMTI during the academic year, academic excellence was still achieved. Fifty six (56) cadets completed the IMO Mandatory Basic Safety Courses (3 cadets were certificated from SMIT Liberia Ltd). In May 2013, fifty two (52) cadets of the GPR Program were extended graduate internship and were reinsured for an additional 3 months. Of the fifty two (52) cadets, 10 cadets are at Arcelor Mittal Facility, 9 cadets at APM Terminals, 7 at LPRC, 2 at OBT Shipping, 1 at Delmas; 2 at UMARCO, 10 at NPA and 11 at various LiMA Stations. 2013 Annual Report In addition, sixty (60) cadets of the second batch of the General Purpose Rating (GPR) Program were also enrolled and in November, one hundred and twenty four (124) individuals participated in a Rig Crew Refresher Training and were certified by Menergy International Liberia Ltd. At the moment, sixty one (61) International Seamen Books have been received and are being distributed. Learning Center LMTI Learning Center has been recently equipped and furnished with new books and furniture, pending expansion to include more seating facilities. Currently, the present library volume in terms of seating capacity stands at 200. 10 | P a g e 2013 Annual Report 11 | P a g e Human Resource and Capacity Building 2013 Annual Report Liberia Maritime Authority (LiMA), through its Corporate Social Responsibility (CSR) programs is significantly promoting the values of the entity within the society and among stakeholders, by addressing social developmental needs. LiMA has been involved in a number of social initiatives targeting the deserving and most vulnerable population. The Authority is donating to Education, Social Services Welfare and Community Volunteering, the three established pillars for granting assistance to the needy. LiMA reminds us that social problems also exist and an innovative approach will find solutions to some of them. Our performance effect in the society is clearly reflected in the outcomes achieved through education, social services welfare, and community volunteering. EDUCATION LiMA sustained its sponsorship to several scholarship recipients for both high school and university students, sponsoring 194 Liberian youths. This includes the nine (9) major universities in the country. The 12 | P a g e Authority continues its sponsorship for seven (7) students at the Regional Maritime University in Accra, Ghana. Three of these students including Abubabar M. Sheriff, Frederick J. Varnie, and Ocampo Oscar Tarpeh are studying for the award of BSc degrees in Marine Engineering, Ports and Shipping Administration and Electronic Engineering, respectively, while Roger M. Teah, Boersen S. Hinneh, Augustine M. Manoballah and Samuel T. Tugba have completed their studies leading to the award of M.A degrees in Ports and Shipping Administration. Currently there are two staff members of the Authority undergoing study at the World Maritime University in Malmo, Sweden. They are Daniel Tarr who is studying for the award of an MSc degree in Marine Environmental and Ocean Management and Mulbah K. Yorgbor, studying for the award of MSc degree in Maritime Education and Training. In addition to the scholarships given to Liberian students, the Authority has also improved its human resources capacity by allowing its staff to participate in both 2013 Annual Report national and international seminars and conferences. Also, there are three (3) staff members who are currently being sponsored locally by the Authority in various disciplines at the undergraduate and graduate levels including Mr. John E. Quawah of Cuttington University Graduate School, Mr. George Kennedy of A.M.E Zion University College and Mr. Jerry Kpannah of Starz College of Technology. LOCAL TRAINING NO 1 2 3 4 5 NAME Ernest Omaboe Ramphel Harris Simeon T. Cheah Patricia Hills Arthur S. Kollie 6 Simeon T. Cheah 7 Patricia Hill COURSE Drug Enforcement Training Drug Enforcement Training Drug Enforcement Training Record Management Identification, Recording & Analysis of Arm and Ammunition Training Identification, Recording & Analysis of Arm and Ammunition Training Record Management LOCATION Monrovia, Liberia Monrovia, Liberia Monrovia, Liberia Monrovia, Liberia Monrovia, Liberia Monrovia, Liberia Monrovia, Liberia INTERNATIONAL TRAINING 1 Ernest Omaboe ISPS Training 2 Dominic D. Doe ISPS Training 3 Ramphel T. Harris 4 5 6 7 8 Patricia Dorsla Fatu Shaw Grace M. Vaye John Cuffey Spurgent Capehart Inter-Ministerial Conference on Maritime Security in the Gulf of Guinea Leadership for Women in Law Enforcement Trans National Crime and Investigation Implementation of Port State Control Procedures Integrated Coastal Zone Management Training Program Integrated Coastal Zone Management Training Program 13 | P a g e United States of America United States of America Cotonou, Benin Gaborone, Botswana Accra, Ghana Gonoa, Italy Bejin, China Bejin, China 2013 Annual Report Navigational Safety, Surveillance and Security MARITIME SAFETY AND VESSELS 14 | P a g e REGISTRATION 2013 Annual Report MARITIME SAFETY AND VESSELS REGISTRATION It is generally said that to improve navigational safety at sea is done by developing international regulations that are buttressed by domestic laws. The Liberia Maritime Program through its marine safety strategic approach acknowledges that this is a main stream that powers the maritime industry, but has vividly asserted over and again that these regulations can only achieve the desired purpose if institutional readiness is enhanced. To put into action possibilities that support this assertion, LiMA has considered diverting from a centralized safety basedconception to a decentralized safety basedorientation. In 2013, LiMA inaugurated a new office in Buchanan City in an effort to enhance its marine safety obligations. As a result, safety responses and inspections have been appropriate and in fact this has added significant values to the domestic maritime program. 15 | P a g e In recent years, efforts have been driven towards the support of the Domestic Vessel Registration and Safety Division whose responsibilities are enforcing all national and international safety regulations and ensuring that safety standards are met through a vigorous Port State Control (PSC) Inspection and overseeing the domestic vessel registration processes with respect to vessels operating within Liberia’s jurisdictional waters. In order to execute LiMA’s mandate and yield optimum results, the Division embarked on a vigorous inspection program aimed at eradicating substandard ships. However, this campaign has gained little or no success due to the lack of marine store(s), Classification Society/certified marine surveyors in the country, etc. Nevertheless, the Division continues to embark on the implementation of minimum safety standards as recommended by the IMO and in accordance with the Domestic Watercraft Act to ensure that all vessels are safety compliant. 2013 Annual Report Barges Sand Mining An emerging challenge is the proliferation of barges and small boats being constructed by Technofab Engineering Limited within the premises of the LPRC Port Facility. The barges pose a severe safety risk as bare pipelines conveying highly flammable petroleum products are in close proximity to the barge construction site. The company was instructed to halt all operations due to its inability to acquire class approval and meet other safety requirements. Currently, there are a growing number of river sand mining activities ongoing across the country. River sand miners are required to submit permits from the Environment Protection Agency, Ministry of Lands, Mines and Energy and a Third Party Liability Insurance as pre-requisite for registration. The Authority continues to work robustly to effectively regulate this industry by ensuring sand mining dredgers and pumps are duly inspected and registered in accordance with the Liberian Maritime Law and Regulations. For the period under review, the Division registered seventy (70) vessels and inspected three hundred and twenty six (326) vessels. Table 1: Type of Inspection in each Port Facility Type of Inspections Control Detail Total 16 | P a g e Monrovia 107 123 230 Buchanan 29 62 91 Greenville 0 5 5 Total 136 190 326 2013 Annual Report Table 2: Summary of Vessel Registration Type of Vessel Sand Mining Dredger Mineral Dredgers Pilot Boat Cargo Canoe Fishing Vessel Dredger Anchor Handling Ship Barge Pleasure Craft Survey/Support Vessel # of Vessels 15 7 1 3 6 1 2 5 14 9 GRT 188 65.5 19 49 780.47 836 333 5,343 24.2 12,514 Tanker Tug Total 2 5 70 37800 1243 59414.1 Table 3: Annual Number of Inspections per Vessel Type Type of Vessel Ro-Ro Container General Cargo/ Multipurpose Bulk Carrier Tug Passenger Vessel Tanker Reefer Vessel/ Fish Carrier Survey/ Supply/ Support Vessel Total 17 | P a g e Number of inspection 13 93 29 108 8 1 40 24 11 326 2013 Annual Report MONITORING, SURVEILLANCE & RESCUE Whether it is to support the five member countries’ vital commercial fishing industry, maritime transportation and shipping, tourism, or the users of the country’s waterways, the Monrovia Regional Maritime Rescue Coordination Center (MRMRCC) is always prepare and ready to serve. Its distinctive appurtenances and effective coordination with the Liberia National Coastguard make it strategically positioned to perform the diverse tasks required to ensure the safety of lives and property at sea. The Center staff work tirelessly under all conditions, providing a strong national and regional presence to protect the safety of our citizens, waters and the natural resources of the marine environment. MRMRCC’s 24/7 duty is playing an evolving role in one of Africa’s longest coastline, largest freshwater system, and longest inland waterway, including a total area of 914,805-km2 exclusive economic zone of the five states, with a search and rescue region of more than 4 million square kilometers. It includes but not limited to the maritime Search and Rescue Sub-regions (SRSs) of Guinea, Sierra Leone, Cote D’Ivoire and 18 | P a g e Ghana. With a shoreline of 2,213 km, it extends from the tip of the coastal boundary of Guinea with the Cacine District of Guinea Bissau to the tip of Ghana’s Aflao border with Togo. Regional Coordination Efforts With Liberia playing host to the regional center, by default, it has the responsibility as stipulated in Article 8 (f) of the Multilateral Agreement, to foster cooperation and proper coordination amongst the Maritime Rescue Sub Centers (MRSCs) on one hand, and between the MRMRCC and the MRSCs on the other. Whilst there are many challenges faced by the Center, there have been tremendous gains made over the period. The following are some of the achievements: Compliance of the ‘National SelfAssessment on Search and Rescue’; Draft Regional SAR Plan sent to IMO for its expert input; Completion of the draft proposed regional website and Grounding of the building against lightning. 2013 Annual Report Communication The below table and chart depict the type of messages and calls as recorded per quarter and also show the volume of traffic in terms of the communications received and transmitted by the Center for the year with the third quarter recording the highest transmitted and received messages/calls followed by the first quarter. It can be easily seen that activities for the period were dominated by the Enhanced Group Call (EGC) messages (Meteorological and Navigational warnings) for the received messages while email messages recorded the highest in transmission. Table 1: Reception and Transmission Logs by Type of Message/Call ACTIONS LOGGED RECEIVED Q1 Q2 Met/Nav Warning/Forecast 858 643 934 Nav Warning (Piracy) 57 31 Email (Cospas-Sarsat alert) 67 Call (Landline/Mobile/Explorer 700) Inmarsat C Text/Data 19 | P a g e Q3 TRANSMITTED Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL 796 3,231 - - - - - 21 32 141 - - - - - 19 126 3 215 34 6 97 2 139 6 3 21 3 33 17 1 22 - 40 - - 7 - 7 1 10 4 - 15 2013 Annual Report Chart 1: Reception by Type of Message/Call per Quarter 1000 900 800 700 600 500 400 300 200 100 0 Met/Nav Warning/Forecast Nav Warning Email Call Inmarsat C Text/data Chart 2: Transmission by Type of Message/Call per Quarter 120 100 80 Q1 60 Q2 40 Q3 Q4 20 0 Emails 20 | P a g e Call Inmarsat C Text/Data 2013 Annual Report SECURITY The Liberia Maritime Program through its marine strategic security approach has maintained strong balance in combating illegal activities that have the proclivity to compromise our national maritime interest. This steadiness has been realized through a robust collaboration with other associates and agencies in Liberia. Results emanating from these collaborations are reflective of the arrest of several illegal vessels that in the past camouflaged as predators in shallow waters. In recent time, the arrest and detention of M/V Theodora, Maria Z, Nine Star, M/T Eships Dugon and Pamir for failing to adhere to national and international regulations shows a strong indication that this strategy is achieving its objectives. Our Intelligence team also provided Intel that led to the identification and apprehension of a number of Stowaways onboard the M/V MSC Grace at the Buchanan Port, and the M/V Ulusoy 9 at the Freeport of Monrovia, etc. During the period under review, the Department of Maritime Security whose responsibility is to oversee the collection, processing, analyzing, surveillance and investigating maritime related incidents and accidents, through its database center tabulated a total of 19 major maritime related threats and incidents ranking from stowaways to vessel theft as compared to the 29 major incidents reported in 2012. In 2013, there was a 16% reduction in maritime-related crimes within our maritime domain and areas of interest. 21 | P a g e 2013 Annual Report The Registry: Domestic and International 22 | P a g e 2013 Annual Report Steady Revenue Growth and Vessel Trend Analysis The World Bank in December of 2008 predicted that the world trade would decrease by 2.1 percent in 2009 for the first time since 1982. Because the shipping industry accounts for about 90% of world trade in terms of the movement of goods, it was obvious that this decrease would have great impact on the industry globally. The shipping crisis deepened even further during 2013. Relative to the large global yard capacity of 60 million cgt, the demand for new ships in 2013 was very low. Consequently, the number of ships seeking registration dropped by more than 20% in 2013, which had a profound impact on all registries. Global ship financing has been hit hard by the turmoil on the financial markets. Despite these economic challenges, LiMA experienced a 22.22% increase in revenue generation - from US $14,000,000.00 in 2009 to US $18,000,000.00 in 2010. While most industries experienced a downward trend in profit, revenues generated from the Liberian Registry have remained steady for the last three years. The year 2013 was a continuation of our financial success as the Authority generated and contributed US $ 19,193,363.00 to the National Government. International Revenue Trends Net Revenues RMU Dues IMO Dues ILO Dues LMTI Global Forum TOTAL REVENUE To GOL 23 | P a g e 2009 $14,662,156.00 $145,064.00 $3,382,080.00 $12,500.00 $1,672,815.00 $0.00 2010 2011 2012 $18,104,049.00 $19,006,093.00 $19,173,913.00 $145,064.00 $145,064.00 $145,064.00 $3,991,000.00 $4,500,000.00 $4,000,000.00 $12,500.00 $12,500.00 $12,500.00 $0.00 $0.00 $0.00 $15,000.00 $15,000.00 $0.00 2013 $19,193,363.00 $241,817.00 $5,135,751.00 $16,813.00 $0.00 $0.00 $19,874,615.00 $22,267,613.00 $23,678,657.00 $23,331,477.00 $24,587,744.00 2013 Annual Report Net Revenues to GOL (Five Years Annual Comparison) $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 2009 2010 2011 2012 2013 GOL Revenues Growth in Fleet Size 2009 Number of Vessels Growth Over Prior Year 24 | P a g e 2010 2011 2012 2013 3,141 3,474 3,756 3,887 3,906 7.35% 10.60% 8.12% 3.49% 0.49% 2013 Annual Report International Fleet Trends 2006 2007 2008 2009 2010 2011 2012 2013 January 2,154 2,345 2,686 2,959 3,184 3,508 3,791 3,897 February 2,173 2,358 2,702 2,978 3,213 3,508 3,807 3,899 March 2,205 2,399 2,722 2,992 3,249 3,543 3,834 3,907 April 2,224 2,414 2,760 3,009 3,274 3,584 3,859 3,898 May 2,241 2,460 2,777 3,029 3,293 3,605 3,875 3,890 June 2,271 2,480 2,828 3,044 3,306 3,630 3,925 3,893 July 2,253 2,507 2,835 3,066 3,360 3,657 3,934 3,895 August 2,212 2,543 2,837 3,073 3,403 3,677 3,933 3,903 September 2,246 2,577 2,896 3,089 3,425 3,711 3,923 3,926 October 2,271 2,583 2,903 3,108 3,446 3,729 3,911 3,925 November 2,304 2,626 2,915 3,131 3,447 3,755 3,900 3,928 December 2,320 2,664 2,926 3,141 3,474 3,756 3,887 3,906 Hundreds Month 40 35 2005 30 2006 25 2007 20 15 2008 2009 2010 10 2011 5 2012 - 2013 25 | P a g e 2013 Annual Report Domestic Revenue Trends Fiscal Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Quarter 1 Quarter 2 Quarter 3 Quarter 4 $33,605.46 $6,800.48 $33,353.84 $64,126.55 $84,585.00 $258,768.20 $359,342.50 $148,405.00 $230,635.00 $502,677.09 $17,471.07 $2,320.00 $32,897.98 $52,190.27 $21,317.00 $40,812.33 $43,430.00 $188,238.25 $225,196.00 $182,168.25 $25,253.25 $16,715.00 $33,599.88 $28,066.30 $68,778.92 $90,231.33 $36,336.00 $474,057.50 $87,367.00 $931,884.25 $22,837.87 $47,384.42 $44,055.84 $33,406.50 $181,944.00 $135,126.32 $225,454.50 $249,651.00 $299,283.00 $39,600.00 Total $99,167.65 $73,219.90 $143,907.54 $177,789.62 $356,624.92 $524,938.18 $664,563.00 $1,060,351.75 $842,481.00 $1,656,329.59 Gross Domestic Revenues (Ten Year Annual Comparison) $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 26 | P a g e 2013 Annual Report OFFICE DIRECTORY LIBERIA The Liberia Maritime Authority Headquarters Tubman Boulevard, Sinkor Monrovia, Liberia Tel: + 231 77 206 108 GERMANY LISCR (Deutschland)Gmbh Neuer Wall 19 D-20354 Hamburg, Germany Tel: +49-40-35-00-4670 Fax: 49-40-35-00-4670 The Liberia International Ship & Corporate Registry (LISCR) 5th Street, Sinkor P.O Box 10-330 1000 Monrovia 10 Liberia Tel: +231 77 000 400 Tel: +231 77 000 403 Fax: +231 77 000 422 UNITED KINGDOM LISCR (U.K) Limited 107 Fenchurh Street 3rd Floor London EC3M 57F Tel: 44-207-799-3434 Tel: 44-773-410-5910 Fax: 44-207-799-3456 THE UNITED STATES LISCR Corporate Headquarters 8619 Westwood Center Drive, Vienna, VA 22182 Tel: 703 790 3434 Fax: 703 790 5655 LISCR New York 99 Park Avenue Suite 700 New York, NY 10016-1601 Tel: 212 697 3434 Fax: 212 697 5655 27 | P a g e JAPAN LISCR JAPAN K.K Shibakoen Plaza Building 4F3-6-9- Shiba Minato-Ku, Tokyo-105-0014 Tel: 81-3-5419-7001 Fax: 81-3-5419-7002 Tlx: UK 94049835 GREECE LISCR (Hellas) S.A 2, Efplias Street 185 37 Piraeus, Greece Tel: 30-210-452-9670 Tel: 30-210-452-9672 Fax: 30-210-452-9673 HONG KONG Unit 1105, 11/F Aon China Building 29 Queen Road Central Hong Kong Tel: 852-2810-1069 Fax: 852-2810-0023 2013 Annual Report Notes 28 | P a g e 2013 Annual Report Notes 29 | P a g e 2013 Annual Report