We are pleased to announce that the MSB Group Ltd project has completed its pilot project and passed its oversight markers. The MSB Group is a coalition of like-minded states and private entities who have come together to offer a clearly legal and supported logistical structure.
Under the third-party oversight of IAMSP, MSB has formed the framework of a public-private partnership that will address industry major needs. First, shipping companies will be able to verify that the security company that they are considering have met certain vetting criteria. This vetting criteria is based on a range of authoritative requirements, including those of the Coastal States, reducing the risk of disruptions while adherence to unique requirements are met.
Finally, it affords the private security company with a clear and concise point with which to communicate and coordinate its activities and logistics. Working within this framework will demonstrate to all those involved and external to the process, that each of the major parties in this activity are working together to counter the proliferation of grey and black market arms, reduce the potential for disruptions in supply chains and operate in a way that is respectful of the needs of the overall maritime shipping community.
The "ABOUT" page has added even more bits to it as you can see here: http://msbgroupltd.com/about/
MSB Group Ltd has been created as a catalyst to provide an umbrella to bring together like-minded coastal states to standardize a logistical support mechanism for the use and movement of small arms and equipment used in the protection of merchant vessels sailing high risk waters.
In the near future, maritime security companies will be invited to undergo the vetting process in order to participate in this group. These applications will be vetted by the member states through their national security elements.
This is getting even more interesting and we will keep an ear out for more information as it comes in.