A.967(24) Arrears of Contributions

 

Resolution A.967(24)

ARREARS OF CONTRIBUTIONS

(Adopted on 1 December 2005)

 

THE ASSEMBLY,

 

RECALLING Article 55(b) of the Convention on the International Maritime Organization which provides that the Assembly "shall apportion the expenses of the Organization in accordance with a scale to be fixed by it after consideration of the proposals of the Council thereon",

 

RECALLING ALSO Article 56 of the Convention stating that "any Member which fails to discharge its financial obligation to the Organization within one year from the date on which it is due, shall have no vote in the Assembly, the Council, the Maritime Safety Committee, the Legal Committee, the Marine Environment Protection Committee or the Technical Co-operation Committee unless the Assembly, at its discretion, waives this provision",

 

RECALLING ALSO the provision of Rule 56bis of the Rules of Procedure of the Assembly, under which "any Member wishing to request a waiver of the provision of Article 56 in respect of itself shall submit a written application to the Secretary-General giving reasons therefor, with a payment schedule indicating the time scale over which arrears will be paid",

 

RECALLING ALSO the provision of Rule 56ter of the Rules of Procedure of the Assembly which states that any Member seeking election to the Council shall have discharged its financial obligations to the Organization or shall have committed itself to a schedule submitted to the Secretary-General so to do,

 

RECALLING FURTHER Regulation 5.4 of the Financial Regulations of the Organization, under which contributions are considered as due and payable in full within thirty days of receipt of the notice of assessment issued by the Secretary-General, or as of the first day of the calendar year to which they relate, whichever is the later,

 

RECALLING FURTHER the introduction of the Contribution Incentive Scheme, established in 1988 by resolution A.629(15) to encourage early payment of contributions in accordance with the Financial Regulations by providing for the Organization’s interest earnings on contributions to be distributed to Member States in accordance with an agreed formula,

 


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