According to the Decree No. 114/2014/ND-CP dated November 26, 2014 of the Government on subjects eligible and conditions for licensed import and dismantlement of used ships, a used ship imported for dismantlement shall be brought to a ship dismantlement establishment within 30 days after customs formalities are completed and 90 days after it arrives at the first seaport of Vietnam; the ship dismantlement period must not exceed 180 days after the ship is brought to the ship dismantlement establishment.
Under this Circular, the import and dismantlement of used ships must ensure maritime safety and security, labor safety and protection of human health and the environment; used ships may only be dismantled at lawfully licensed ship dismantlement establishments. Especially, used ships imported for dismantlement may not be transformed, upgraded, used for other purposes, transferred or traded. Of which, used ships for dismantlement must neither be in a hypothecation nor subject to a maritime claim and must be used ships eligible for import for dismantlement: Dry bulk carriers carrying general cargo, cargo in loose form, equipment, wood chips, timber, grains, packed goods and iron and steel products; Container ships; Ore ships; Tankers carrying crude oil, oil products and vegetable oil; Tankers carrying gas and liquefied gas; Ro-Ro ships, passenger ships, sea barges and ferries; Floating rigs; Jack-up rigs; Ship-type floating storage units; Floating storage and offloading facilities and other ships as decided by the Prime Minister at the proposal of the Minister of Transport. In order to import of used ships for dismantlement, ship dismantlement enterprises must satisfy the following conditions: having registered the business line of importing used ships for dismantlement; having specialized sections in charge of import; maritime law; labor safety and environmental protection; Having a legal capital of at least VND 50 billion; having license for import of used ships for dismantlement that is valid for 5 years from the date of grant.
This Decree takes effect on January 15, 2015.
Source: Luatvietnam.vn
