User:Unkknnoowwnn/sandbox

Iran Marine Fund (IMF) is a specialized, state-owned, enterprise Ministry of Industry, Mines and Trade of Iran.

Introduction
The fund has been established With the aim to achieve sustainable development and as an evolution force of Marine Industries,acts as the interface acts as government and the private sector, in order to provide the increasing development in this industry by applying developmental and investment studies and delete variety of strategic support. Marine Industries Development Fund has been found by the virtue of Article 1 of the Marine Industries Development & Support Law Approved on 5.8.2008 by the Islamic Consultative Assembly. The Statute of the Fund has been approved by the Council of Ministers on 2.7.2010.

Objectives and tasks
Marine Industries Development Fund Objectives

A.	Achievement of sustainable development in the Marine Industry;

B.	Interpretation, regulation and Implementation of Every Support to the Marine Industries in different areas such as construction, repair, supply chain development and service fields;

C.	Facilitation in solving problems and deterrent factors in development of the Maritime Industry.

Marine Industries Development Fund Tasks

A.	Planning to develop the Marine Industries;

B.	Purposeful financial support of Marine Industries projects;

C.	The preferential tariff payment to domestic manufacturers winning international tenders compliance with regulation on the maximum use of native technical, engineering, production, industrial and executive forces in the execution of the projects and providing facilities for export of services;

D.	Assistance to the applicants purchasing vessels from domestic manufacturers as well of parties willing to establish shipbuilding / repair facilities to fulfil requirements of banks or other financial institutions to issue required guarantees;

E.	Assistance to domestic manufacturers to recover part of the costs due to increase of global prices for materials, equipment and other appliances for ship construction and other marine structures unforeseen at the time of contract ratification, in accordance with the relevant laws and regulations;

F.	Providing resources to compensate damages to the applicants purchasing ships from domestic manufacturers caused by delay in delivery, in compliance With relevant laws and regulations;

G.	Grant gratuitous facilities equivalent to the annual income tax paid by Iranian vessels owners for vessels built in domestic yards according to the national or international standards;

H.	Grant gratuitous facilities for ship repair in domestic yards equivalent to the year's income tax for ships paid (under the flag of the Islamic Republic of Iran with valid certifications from classification societies recognized by PMO).

Marine Industries Development Fund Perspective
Marine Industries Development Fund objective is execution of projects and plans based on standard methods and procedures. So the fundamental objectives of the Marine Industries Development Fund are: organization of mechanisms to support the marine industries,Delivering time and cost-effective services, Proper management of resources and attracting resources from inside and outside the country for sustainable development of Marine Industries.It will make the Marine Industries Development Fund to be known as a specialized source in this fundamental industry in a short-term horizon. Thus, the perspective of Marine Industries Development Fund in the Horizon of 2025 is drawn as follow:

Marine Industries Development Fund is a specialized institution to convert the country's marine capacities in to the sustainable national interests.

Marine Industries Development Fund Mission
Facilitating the achievement of sustainable marine development through:

A.	Credit, technical and software assistance

B.	Investment

C.	Developmental research

Marine Industries Development Fund Policy
A.	Development of construction and repair of ships and Offshore Industries

B.	Provision of secure supply chain

C.	Reduction of risk of investment in maritime activities

D.	Coastal development and water accessibility

E.	Expansion of transit and re-export

F.	International Partnerships

G.	Export-oriented

H.	Development of Standardization

I.	Development of marine insurance

J.	Participation in the Offshore Industries.

K.	Support of the private sector and the public demands

Article 1 of Marine Industries Development and Support Law
The government is permitted to establish the Marine Industries Development Fund Here in after referred to as"Fund" with initial capital of four hundred billion Rials (400.000.000.000), in order to study, define, regulate and enforce support of the Marine Industries (manufacturing, production, repair and maintenance of various types of surface, surface effect and submersible vessels and offshore industry), and solve the problems and deterrents factors in compliance with environmental considerations, as stated in the statute.