Lloyd's Register Gains USCG Authorization for MODUs

Lloyd's Register has been authorized by the US Coast Guard (USCG) to extend its Alternate Compliance Program (ACP) capabilities to include mobile offshore drilling units (MODU) - in addition to cargo vessels, tank vessels, offshore supply vessels, and passenger vessels. The new authorization was issued October 4, 2005.

ACP is a voluntary program available through authorized classification societies for owners, operators, designers, and builders of US-flag vessels to comply with USCG design and inspection regulations, intended to reduce the regulatory burden on the maritime industry while maintaining existing levels of safety.

To obtain the additional authorization for MODUs, Lloyd's Register underwent a rigorous review process, which involved a comprehensive comparison of classification Rules, statutory requirements, and federal regulations applicable to this vessel type.

Paul Huber, President of Lloyd's Register Americas, Inc., said of the latest authorization: "ACP, the highest level of authorization granted by the USCG, involves a demanding review and approval process. There are now only two classification societies with MODU authorization under ACP, and this authorization complements our growth strategy in the US oil and gas sector. Lloyd's Register is delighted to offer expedited plan review and inspection services for MODUs on behalf of the USCG."

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