![]() The Aviation Working Group website ( contains further information and studies on the economic benefits of ratification of the Cape Town Convention, and Aircraft Protocol. The discount is available where an operator is based in a Contracting State which has made certain qualifying declarations. This includes a discount on the premium rate offered by Export Credit Agencies under the OECD Aircraft Sector Understanding 2011. In addition to the above, the Cape Town Convention also provides economic benefits. By reducing the risks for lenders, the Convention seeks to reduce the cost of credit, and promote the availability of credit within the industry.Įssential to this legal framework, the International Registry of Mobile Assets was established for recording and determining priority of interests in aircraft objects. In doing so, the Convention seeks to reduce the credit risk for lenders in respect of providing credit for aircraft objects. The Convention also sets out a number of default remedies for creditors, including in the context of the insolvency of a debtor. The Cape Town Convention, together with the Aircraft Protocol, creates an international legal framework for creating, registering, enforcing, and determining the priority of security and other interests in aircraft equipment. Sir Roy Goode's Official Commentary, available from UNIDROIT. ![]() For a full description of the legal protections provided by the Convention, please refer to the text of the Cape Town Convention and the Aircraft Protocol and Prof. Registration of interests in existing assets serves as a notification mechanism to the User community and is considered to be best practice for owners and agents to protect their financial interest in an asset. The Registry operates under the legal framework of the Cape Town Convention and the Aircraft Protocol adopted on the 16th of November 2001 at Cape Town, which provides for the registration and protection of International Interests that are recognised by all ratifying states, with priority being determined on a First-to-File basis. Its role is to electronically record international interests in aircraft objects, for the purpose of establishing the priority of those interests. ![]() The International Registry permits individuals and organisations to register financial interests in assets using the following information: The International Registry of Mobile Assets provides a means to establish the priority of interests in airframes, aircraft engines and helicopters. This information is liable to change from time to time without notice to you and you should check the International Registry to obtain the latest version. Aviareto is providing this information pursuant to the Terms and Conditions of Use and Aviareto is not making any representation or warranty, express or implied about the accuracy or comprehensiveness of this information, nor shall it have any legal obligation or liability whatsoever relating to the provision of the same. You should seek your own advice and refer to the Convention, Protocol, Regulations and Procedures for further information as well as considerations and consequences surrounding system use. The International Registry is a complex system and these FAQs do not seek to comprehensively cover all aspects of the system's functionality or the consequences and considerations surrounding its use. These FAQs and Answers do not provide legal advice or any other form of advice, but are designed to give a basic overview of how to use the International Registry.
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