Sierra Leone International Ship Registry has issued a Marine Notification regarding the voluntary compliance with the ILO MLC, 2006 requirements.

Although the Republic of Sierra Leone has not ratified the MLC, 2006 a voluntary inspection and
certification scheme has been set-up for the ships flying the Sierra Leone flag in order to avoid
complexities with the Port State Control Authorities. Through the Marine Notification 13-002 the Sierra
Leone International Ship Registry has laid out the requirements for the inspection and certification of
ships flying the Sierra Leone flag.
More specifically, the ship Owners should request the issuance of a DMLC Part I from the
Administration through the Registration Officers. The flag Administration will issue a ship specific DMLC
Part I for the ship.
Following the issuance of DMLC Part I, ship Owners shall submit for approval DMLC Part II complying
with the DMLC Part I. The Administration will endorse the DMLC Part II if found in compliance with
DMLC Part I. Copy of DMLC Part I and II endorsed by the Administration shall be kept on board and
should be provided to the inspector at the time of inspection/verification.
Flag inspectors will be carrying out inspections as outlined below:
 Initial inspection for the issuance of Interim “Statement of Compliance to Maritime Labour
Convention” valid for 6 months.
 Following verification of the reports, the Administration will be issuing a “Statement of
Compliance to Maritime Labour Convention” valid for 5 years.
 An intermediate inspection is to be carried out between the second and third anniversary
dates in order to endorse the Statement of Compliance.

The full Sierra Leone International Ship Registry Marine Notification may be found herewith attached.
Also, attached is the draft DMLC Part I of the Sierra Leone International Ship Registry.

Background information

The MLC, 2006 is aiming along with SOLAS, STCW, and MARPOL to be established as the four
cornerstones of maritime regulations.
The Convention is comprised of three different but related parts: the Articles, the Regulations, and the
Code. The Articles and Regulations set out the core rights and principles and the basic obligations of
Members ratifying the Convention. The Code contains the details for the implementation of the
Regulations. The Code comprises Part A (mandatory Standards) and Part B (non-mandatory Guidelines).
Amendment procedures for the Articles, Regulations, and the Code are established in Articles XIV and
The Regulations and the Code are organized into general areas under five Titles:
Title 1: Minimum requirements for seafarers to work on a ship
Title 2: Conditions of employment
Title 3: Accommodation, recreational facilities, food and catering
Title 4: Health protection, medical care, welfare, and social security protection
Title 5: Compliance and enforcement


JSPL shares hit 52-week low on disappointing Q4 results

Shares of Jindal Steel and Power (JSPL) today fell by over 3 per cent to hit a 52-week low level as the company’s consolidated net profit fell by nearly 35 per cent for the quarter ended March 31.
After making a weak opening, shares of the company further lost 3.13 per cent to Rs 318.50 — its 52-week low as the trade progressed on the BSE.
At NSE, the scrip went down by 3.34 per cent to touch a one-year low of Rs 318.20.
Hit by rising interest burden and lower sales realisations, JSPL’s consolidated net profit fell by nearly 35 per cent to Rs 760.27 crore for the quarter ended March 2013.
The Company had reported a net profit of Rs 1,167 crore in same quarter of previous fiscal.
Net sales during the fourth quarter of 2012-13 reported a growth of 2.16 per cent at Rs 5,583.33 crore. The company had reported a net sales of Rs 5,465.26 crore in the January-March quarter of 2011-12.

Flour mills’ buying holds up wheat

After witnessing a fall earlier this week, dara wheat and flour prices remained unchanged on Friday.Steady domestic demand coupled with ample stocks kept dara wheat and flour prices unchanged, said Radhey Sham, a trade expert.
About 60,000 bags of dara wheat arrived at the Karnal grain market terminal. Government agencies procured most of the produce that arrived.In the physical market, dara wheat quoted at Rs 1,410-1,415 a quintal.
Mill delivery was at Rs 1,410 while delivery at the chakki was Rs 1,415.On the National Commodity and Derivatives Exchange, wheat futures traded positive today.
Wheat for May contracts increased by Rs 3 at Rs 1,481 with an open interest of 11,300 lots. It had touched a high at Rs 1,484 earlier in the day. June contracts went up by Rs 5 at Rs 1,506.
Wheat futures trade positive on account of stockists buying against restricted arrivals. Fresh buying by flour mills to meet the current demand kept wheat prices at current levels.
According to the market experts, wheat futures are expected to rule lower next week.Wheat spot prices improved at Rs 1,385.

Sugar position comfortable for next 3 years: K.V. Thomas

Sugar production is seen satisfory for the next three years as output is expected to be above the domestic demand, said Food Minister K.V.Thomas on Friday.
"The next three years 2013-14, 2014-15 and 2015-16 will be comfortable for sugar," Thomas said based on the recent review of the performance of the sector with industry officials. He was speaking to reporters on the sidelines of an event organised by the Bureau of Indian Standards.
"The domestic requirement is about 22 lakh tonnes and we have enough sugar for exports," Thomas said adding that the shipments would depend on the prices in the international markets. Currently, it is unviable for the Indian millers to export sugar as the international prices are currently lower than the domestic prices.
"However, going ahead, our sugar production and productivty and value addition needs to be improved," Thomas said. In this context, a draft paper has been prepared by the Food Ministry on the improvements needed in the sugar sector. In the third week of May at the National Institute in Kanpur, we will chalk out the various projects to be taken up for the improvement of sugar sector, Thomas added.
India's sugar production declined to 24.6 million tonnes, down from the 26 million tonnes produced in the previous year. However, in 2013-14, the production may decline marginally due to the drought in key sugarcane growing areas of Maharashtra and Karnataka.
Iron ore steels for a fall as China growth eases
Iron ore prices have staged a strong rebound since falling last autumn to their lowest level since the global financial crisis in 2009 but analysts expect prices to edge moderately lower in the next few years on slow Chinese demand and addition of new supply.