Title: Circular 37/2015/TT-BGTVT dated July 28th 2015, providing procedures for licensing import of used seagoing ships for dismantlement

Type: Circular

Issuing Agency: Ministry of Transport

Responsible Agency: Ministry of Transport

Issuing Date: 28-07-2015

 

 

Written certification of legal capital

An enterprise applying for a license for import of used seagoing ships for dismantlement must have a written certification that it has a legal capital of at least fifty (50) billion Vietnam dong as follows:

1. For contributed capital in Vietnam dong or a freely convertible foreign currency: A credit institution’s document certifying the enterprise’s amount of money in a blocked account at such credit institution; such amount of money shall be released only after the enterprise is granted a license for import of used seagoing ships for dismantlement or receives a written notice that it is not granted such license.

2. For contributed capital being assets or real estate to directly serve the import of seagoing ships for dismantlement: A competent valuation organization’s document certifying the converted monetary value of the assets or real estate.

3. Organizations and individuals competent to certify enterprises’ capital shall take responsibility for the accuracy and truthfulness of data at the time of certification.

4. Enterprises currently engaged in seagoing ship dismantlement may use their bank guarantees as written certification of capital.

 

This Circular takes effect on September 15, 2015.

 

Download Vietnamese: Circular 37/2015/TT-BGTVT dated July 28th 2015, providing procedures for licensing import of used seagoing ships for dismantlement