The Nairobi International Convention on the Removal Wrecks will enter into force on 14 April 2015 following ratification by Denmark.
Among several provisions, the Convention will place financial responsibility for the removal of certain hazardous wrecks on shipowners, making insurance, or some other form of financial security, compulsory.
Denmark became the 10th country to ratify the convention, thereby triggering its entry into force exactly 12 months later.
The Convention will fill a gap in the existing international legal framework by providing the first set of uniform international rules aimed at ensuring the prompt and effective removal of wrecks located beyond a country’s territorial sea. The Convention also contains a clause that enables States Parties to ‘opt in’ to apply certain provisions to their territory, including their territorial sea.
Further information can be found at the UK P&I Club website here