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02:51
7 countries sign UN convention on judicial sale of ships in Malta
STORY: 7 countries sign UN convention on judicial sale of ships in Malta
SHOOTING TIME: June 19, 2024
DATELINE: June 21, 2024
LENGTH: 0:02:51
LOCATION: Valletta
CATEGORY: POLITICS
SHOTLIST:
1. various of the signing ceremony
STORYLINE:
Malta and six other countries on Wednesday signed the United Nations (UN) Convention on the International Effects of Judicial Sales of Ships, also known as the Beijing Convention on the Judicial Sale of Ships.
During a ceremony presided over by Malta's President Myriam Spiteri Debono, the document was signed by Croatia, Cyprus, Italy, Malta, Spain, Cote d'Ivoire, and Antigua and Barbuda.
The document, adopted in 2022 by the UN General Assembly, is aimed at solving cross-border recognition of judicial sale of ships, which helps protect the incentives of financial institutions in ship financing and promote the development of international shipping and trade.
The first signing ceremony of the convention was held in September 2023 in Beijing, when 15 countries and regions, including China, Switzerland, Singapore, and Saudi Arabia, signed the convention.
Xinhua News Agency correspondents reporting from Valletta.
(XHTV)
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