A shipping entity connected to the South American Government of Venezuela and with offices in Liberia has been sanctioned by the Government of the United States.
U. S. Pres. Donald J. Trump
The U.S. is locked in a bitter diplomatic spat with the Nicolas Maduro government in Venezuela which it describes as “illegitimate” and has, instead, recognized, the leader of the opposition-controlled National Assembly, Mr. Juan Guaido who has declared himself interim President.
Pres. Nicolas Maduro of Venezuela
As part of pressuring the Maduro Government, the Trump Administration, through the Treasury Department, slapped Specially Designated Nationals And Blocked Persons (SDN) economic sanctions on the state owned oil company and two international companies that are engaged in the transport of Venezuelan oil.
Petroleos de Venezuela is the country’s state-run oil company.
Venezuela National Oil Company
The Maduro Government is kept afloat by the proceeds of the country’s oil shipment and sale and Washington is working to strangulate the Government.
The Venezuelan Company operating out of Liberia is Ballito Bay Shipping Incorporated with an address at 80 Broad Street in Monrovia.
The address listed for Ballito Bay Shipping is tied to the Liberia International Ship And Corporate Registry (LISCR, LLC), a private U.S. owned and globally operated company that manages Liberia’s lucrative ship registry.
The LISCR Trust Company (“the Registered Agent”) on its website says, “ it has been appointed by the Government of the Republic of Liberia to serve as a sole registered agent for all Liberian non-resident corporate entities. The principal role of the Registered Agent is to receive filing instructions, issue annual invoices, notices, etc. and to provide a registered office address for receiving service of process, or legal notices, on the entity’s behalf. The Registered Agent can also serve as the official depository for any document that a Liberian entity voluntarily records outside the public register.
The Registered Agent’s address for all non-resident Liberian entities is 80 Broad Street, Monrovia, Liberia…”
The Liberian Government receives fees collected by LISCR which are deposited in its account at the Federal Reserve in New York.
The identification number of Ballito Bay Shipping with the International Maritime Organization (IMO) is 5804961.
Crude Tanker Despina Andrianna
The Despina Andrianna vessel owned by Ballito Bay Shipping Incorporated is part of the Liberian registry and is engaged in transporting Venezuelan oil to Cuba.
West African Journal Magazine tracked the Despina Andrianna crude tanker and the vessel’s global position currently has it sailing in the Caribbean to an unknown destination.
The sanctions prohibit any citizen of the U.S. or entity from transactions involving Ballito Bay.
The LISCR will now be restricted from further business with the named company in the Liberian registry which it manages , according to the terms of the U.S. sanctions.
Liberia Business Registry Application Form
On its website, the LISCR notes, “…A non-Liberian corporation can re-domicile into Liberia and will become a Liberian Corporation upon filing the application with required attachments, including the Articles of Incorporation of the corporation as a Liberian corporation. The corporation will continue its existence as a Liberian corporation; the existence date of the re-domiciled corporation is the date of incorporation of the corporation in the jurisdiction of its origin.
Liberian nonresident domestic corporations are governed by provisions of the Business Corporation Act, The Associations Law, Title 5, as Amended, of the Liberian Code of Laws Revised, (the “BCA”).
Under Liberia’s Business Corporation Act, Ballito Bay Shipping would be considered a “Foreign Corporation” which is
(o) “Re-domiciled” doing business for profit in Liberia.
It is unclear if Ballito Bay Shipping Incorporated which is registered with the Liberian Business Registry (LBR) at the Ministry of Commerce or Liberia National Investment Commission
There are eight (8) other shipping companies with Liberian flagged ships tied to Iran and Hizballah that are sanctioned by the US Government and listed on the Treasury Department’s SDN, according to the Office of Asset Control (OFAC).
West African Journal Magazine has reached out to LISCR Trust for comment on its future relationship with Ballito Bay Shipping Incorporated.
By Our International Affairs Correspondent
West African Journal