Alfonso Castillero, CEO of the Liberian International Ship & Corporate Registry (LISCR), the world’s largest ship registry, delivered opening remarks at the launch of the innovative Registry Information Sharing Compact (RISC) database. This groundbreaking initiative, created as a sovereign decision by Member States and reputable flags, aims to keep flag registries informed and up-to-date with vessels' backgrounds and any sanctions issues.

The joint press conference, held in Washington, DC, was supported by the U.S. Department of State and included participation from several embassies representing various flags. The RISC database is a free online tool for consultation among flags wishing to share and access details on vessels' backgrounds. It allows flag registries to share and research information on problem vessels that may be evading regulations or engaging in suspicious activities. By sharing this data, flag registries can be more informed, eliminate risks, and prevent flag-hopping when under investigation.

"The Registry Information Sharing Compact database marks a significant advancement in our collective efforts to maintain the integrity and security of global shipping. With this platform we are strengthening our defenses and working together to uphold the highest standards of compliance and safety,” stated Alfonso Castillero, CEO of the Liberian International Ship & Corporate Registry.

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	Issue 92 of Robban Assafina (July/Aug. 2024)