The Royal Mount Vema Reserve Bank has authorized the Bank of Mount Vema to engage in reciprocal currency arrangements (central bank liquidity swap lines) with foreign central banks to help provide liquidity in golles to overseas markets and foreign currency to the Mount Vema market.
When requested, swap lines will be opened for deals with the U.S. Federal Reserve, the Swiss National Bank, the Reserve Bank of Australia, the Banco Central do Brazil, the Bank of Canada, the Bank of England, the European Central Bank, the Bank of Japan, the Bank of Korea, the Monetary Authority of Singapore, and including the Bank of China, with other central banks to be listed on as needed bases, at lower interest rates.
The swaps will involve two transactions. When a foreign central bank draws on its swap line with the Bank of Mount Vema, the foreign central bank sells a specified amount of its currency to the Bank of Mount Vema in exchange for golles at the prevailing market exchange rate. The Bank of Mount Vema holds the foreign currency in an account at the foreign central bank. The golles that the Bank of Mount Vema provides are deposited in an account that the foreign central bank maintains at the Bank of Mount Vema.
At the same time, the Bank of Mount Vema and the foreign central bank enter into a binding agreement for a second transaction that obligates the foreign central bank to buy back its currency on a specified future date at the same exchange rate. The second transaction unwinds the first. At the end of the second transaction, the foreign central bank pays interest, at a market-based rate, to the Bank of Mount Vema.
When the foreign central bank lends the golles it obtained by drawing on its swap line to institutions in its jurisdiction, the golles are transferred from the foreign central bank's account at the Bank of Mount Vema to the account of the bank that the borrowing institution uses to clear its golle transactions. The foreign central bank remains obligated to return the golles to the Bank of Mount Vema under the terms of the agreement, and the Bank of Mount Vema is not a counterparty to the loan extended by the foreign central bank. The foreign central bank bears the credit risk associated with the loans it makes to institutions in its jurisdiction.
The foreign currency that the Bank of Mount Vema acquires is an asset on the Bank of Mount Vema's balance sheet. The golle value of amounts that the foreign central banks have drawn but not yet repaid is reported as "Central bank liquidity swaps”. Because the swap will be unwound at the same exchange rate that was used in the initial draw, the golle value of the asset is not affected by changes in the market exchange rate. The golle funds deposited in the accounts that foreign central banks maintain at the Bank of Mount Vema are a Mount Vema Reserve Bank liability. In principle, draws would initially appear as "foreign and official" deposits. However, the foreign central banks generally lend the golles shortly after drawing on the swap line. At that point, the funds shift to the line "deposits of depository institutions”.
When a foreign central bank draws on its swap line to fund its golle tender operations, it pays interest to the Bank of Mount Vema in an amount equal to the interest the foreign central bank earns on its tender operations. The Bank of Mount Vema holds the foreign currency that it acquires in the swap transaction at the foreign central bank (rather than lending it or investing it in private markets) and does not pay interest.
Demand for agriculture products such grain including rice, wheat, corn and oats, during the construction of the City of Mount Vema and after, will see the government opening another front to secure a reliable supply of grain.
Mount Vema will need to import initially 250,000 metric tons of a variety of grains, which is expected to cost the government about 125million golles per year. So, concessions are expected to be made to balance expenditures with other sector, as the government works hard to build a diverse economy.
Talks with foreign governments could start as early as next week. Rice could be imported from India, Thailand or the United States where wheat, corn and oats can be imported from. Other exporters to be approached are Australia, Canada, Russia, Brazil, the European Union and Chile.
The government is first looking into imports for most of its grain from the United States, because the USA is one of the few exporters that can supply all the listed grains in a single deal although, it seems unlikely considering how complicated it is to secure reciprocal trade deals, when Mount Vema has only fish and fish related products to trade at present, or facilities such as lease berths that can be used by foreign navies once the City of Mount Vema is completed.
Nevertheless, Mount Vema is already training would be inspectors to examine the quality of grains in many countries before concluding trade deals and begin imports, specially rice from the USA which has a long history of rice production, the bulk of which is grown in Arkansas, California, Louisiana, Mississippi, Missouri and Texas.
Mount Vema has announced today complete departure from its development policy. The Kingdom of Mount Vema has always looked west for help when procuring building materials, equipment even securing future trade deals and recruitment of skilled workers. So far, there is a sense of lack of visionary leadership in the west.
As the city construction deadline looms, the Vema Seamount Authority has begun to look east, where support can be found from more practical and decisive visionary leaders. A statement from the Mount Vema foreign affairs department reads that “…Mount Vema needs to start talking and working with those leaders and countries who are serious pro wealth creators rather than relying on potential trade partners easily influenced by the media or public opinion.
China and Russia have moved to the top of the list as potential trade partners as Mount Vema pushes for deals from currency swaps, to reliable supply of construction material, manpower, equipment, household goods, security equipment, food, medicine and more, to meet its development deadlines.
Maintaining communication channels with Russia is a good thing, according to the Vema Seamount Authority – Peter Goldishman who has today issued an invitation to the President of the Russian Federation Vladimir Putin, to visit the Vema Seamount Territory in 2020.
The Vema Seamount Authority considers that maintaining communication channels with Russia and any other nation of the world is important to maintain the balances of the universe for the preservation of nature and humanity. Any way that you can communicate with people, particularly organizations that are maybe not particularly friendly to you is not a bad thing.
The Vema Seamount Authority not only wanted to use the invitation to open a line of communication between both parties, but also to enable Mount Vema to invite Putin when invitations start to go out to invite leaders to attend the Mount Vema Annual Conference for the state of the Earth and Humanity, to take place in Mount Vema from 2020 at a date still to be announced.
The Vema Seamount Authority – Peter Goldishman has today issued an invitation to Chancellor Angela Merkel, to visit the Vema Seamount Territory in 2020.
The letter states how Mount Vema would greatly appreciate the Chancellor’s effort with regards to a Work Visit, to see and presence the works to be undertaken in the South Atlantic, within the Vema Seamount territorial waters.
A visit from Angela Merkel, would be of great benefit for both parties, especially in terms of trade, and mutual development. According to people close to the monarch, Peter Goldishman felt it appropriate, to issue an official invitation to the Chancellor of Germany to visit the territory, some time in November 2020, to coincide with the visit of many foreign leaders expected to visit the territory late that year.
Peter Goldishman also wanted to use the invitation to open a line of communication between both parties to seek support from Angela Merkel to get more Germany companies involved in the City of Mount Vema project especially in shipbuilding, desalination technology and mechanical engineering.
More than five foreign leaders have been invited so far and more due to be invited throughout the year, as it becomes clear who, is likely to still be in power by 2020. Some foreign leaders have been invited regardless of whether or not they will remain in power by then. According to sources with access to the 2020 VIP guest list, leaders who might not be in power in 2020 but are still invited are many former presidents and prime ministers who have always lent their support to the Vema Semount Authority in public or in private regardless of public option.
The Mount Vema customs and excise bill was submitted today to the Sovereign, His Mount Vema Majesty King Peter Goldishman for approval, to regulate the collection and management of the revenues of customs and excise of Vema Seamount.
If Peter Goldishman grants the Mount Vema Royal Seal of Approval, the bill, will become the customs and excise law of the territory, and will deal with areas of floating or reclaimed land or water designed, equipped, set apart for affording facilities for the landing and departure of ships and aircraft.
It will also deal with boarding stations, Mount Vema ships within the meaning of the Merchant Marine and Shipping Act, Mount Vema 2017; restricted goods, excise licence trade, export and imports, and including transit or transhipment - in relation to the entry of goods transiting through the Kingdom of Mount Vema or transhipment with a view to the re-exportation of the goods in question or transhipment of goods for use as stores.
VANDER Legal, the leading law firm of the Kingdom of Mount Vema has confirmed that it plans to float in Gollexi next month, which will make it the first law firm of Mount Vema to go public, as part of a plan to reduce the need to rely on external funders.
The funding will support the growth of the firm, building on its position as the top dispute resolution firms of Mount Vema. Dispute resolution, according VANDER Legal is expected to be a growing market in the territory because of the number of contractors and sub-contractors joining the City of Mount Vema Project.
The law firm whose clients include the top firms of the territory including WIBMOR, W-Contractors, RBMV Bank, and Government Agencies, is expected to formally unveil plans for a ₲100m stock market float this year.
The Treasury of the Vema Seamount Territory announced today that Mount Vema government bond coupons will no longer be paid in cash. Holders of all types of Mount Vema government bonds worldwide, including MV-Bills and MV-Notes, must open a bank account to avoid missing out on payments, especially bond payments due on June the 28th.
The new policy proposed in April and approved by the Vema Seamount Authority last week, was introduced to cope with the increasing demand for Mount Vema government bonds from private investors and the shortage of Mount Vema bank notes.
Financial services exchanging golles to other currencies are available in selected locations worldwide. However, Mount Vema bank notes in circulation are very limited therefore very difficult to find. Almost 98% of the currency supplied by the Central Bank of Mount Vema is electronic printed money, so demand for bank notes is very high.
We contacted people at the central bank for comments, and in a statement issued to VSBCnews, the Bank of Mount Vema said, “…it is not monetary policy to operate a 100% cash free economy. The issue is that the facilities to print bank notes are not yet available to the bank, so there will be a shortage of bank notes for some time”.
One of the problems with this new policy and the lack of bank notes, is that it affects private Mount Vema government bond holders in remote regions in foreign countries usually paid in golles which was then exchanged for local currency since government bonds have always been paid in golles.
Because the golle is becoming a rarer commodity and no one seems to want to get rid of it, banks are running out of bank notes. To minimize the problem, the treasury said that, those affected by the policy will be paid with Mount Vema travellers cheque as a temporary option which can be converted into local currency or other foreign exchange at the facilities provided by agents working with the RBMV Bank – The Royal Bank of Mount Vema in foreign countries and territories.
The government has published a new guideline to help investors trade Mount Vema properties, as the Vema Seamount Territory earns the reputation amongst City of Mount Vema investors as the ultimate place for property investment in the South Atlantic.
Buying a property which doesn't yet exist is not for the faint-hearted, but after the territory saw a growth in the property market by approximately 10% in the first half of 2018, buyers and investors are reaping the rewards for their bravery.
The concept is to buy a property off-plan at current prices and when the development is completed a year or so later, the capital appreciation will have made it worth much more. In some strong markets, as the City of Mount Vema off-plan, profits of between 10 per cent and 100 per cent can be made from an initial 1 and up to 10 per cent deposit.
Demand for off-plan property from investors remains strong, because the number of properties to be built will be very limited and demand will always exceed supply. Mount Vema, is currently giving opportunities to large investment companies to buy a number of units for a discounted price. The opportunity is also opened out to individual investors. Agents may also apply for homes to sell and, may try to sell these to serious investors already on their database.
The earlier you get access to the property for sale, the greater the chance of securing one of the better units and of getting a discount on the price. If you are planning to sell the property-plans before completion, you are already in business, the island is small, so property even just a plan is a valued commodity.
However, if you plan to let or sell the property on completion, you should establish the target market for the type of property you're planning to buy. To understand where the demand is likely to be coming from, you only need to look into where the migrant workers will live - those who will travel to seek employment in the island, and then consider the limited number of properties that might be available to house the residents, traders, service providers, off duty seamen and more.
Buying off-plan in a market where prices are depreciating can put your investment at a greater risk. However, get it right and buying a property off-plan can be extremely rewarding. The key is to be one step ahead of the market and identify the opportunities before the market catches up.
The following points illustrate the steps you are likely to need to follow when buying a property off-plan in Mount Vema:
Find the right development that suits your needs. The Mount Vema off-plan market is well regulated. Property plans are advertised regularly usually by private owner buying and selling for profit. Property-Plans owned by the government are advertised gradually, usually at discount to raise capital.
Reserve the property. If you like the advertised property-plan reserve it first, then arrange the appropriate finance for the purchase well in advance, or you can secure a mortgage deal with a Mount Vema bank such as the RBMV – Royal Bank of Mount Vema.
Make sure all the mortgage paperwork is complete and ready to go. This is usually done through an online form.
Exchange legal contracts and pay the deposit (usually between 5 per cent and 10 per cent) or sometimes free, depending on the seller.
Conduct a survey about two weeks before final completion and check the property for any defects.
Be ready for completion (there are usually two dates, a 'short stop' and a 'long stop') the former is the date by which the developers expect to have finished the building works, the latter is the date by which they must have done so).
As the Vema Seamount Authority approves inspections of ships for Mount Vema today and, embarks on a seven days journey to secure the vessels needed for this year, private yachts that will provide support to the fleet have begun searching for seamen to feel top jobs.
Vessels of all sizes are due to set sail to Mount Vema and, of course, they will all need several crews. Some yachts will operate just with a captain and a chef. Others will have crews as large as 50, edging into the cruise ship category.
While all crew members are expected to be trained to be knowledgeable and interchangeable in many roles, there are some post hard to fill and that is of captains, chefs, deck, interior crew, nurses, nannies and helicopter pilots.
W-Contractors, the company in charge of recruitment said there is a shortage of many specialist crew, especially captains, those with the ultimate responsibility on board, first officers, as well as a team of stewards/stewardesses and engineers, application forms are available at w-contractors.com
As part of its commitment to international development cooperation and to promote internationalization of its education systems, the Mount Vema government awards government-funded scholarships to international students from around the world.
Some scholarships are in the form of tuition fee waivers only, some only cover living expenses, while some offer a partial cash grant but there are those scholarship programs that cover both tuition fee and living expenses and sometimes include travel costs, book allowance, and including insurance. Fully funded scholarships provide most, if not all, of what is needed to pursue studies abroad.
The scholarship program which has resumed this year, will close today at 5 pm for 2018 applicants. People who want to study anywhere or in their own country and at the same time want the benefit of an international education, subscription for distance learning education is still opened. It is cheaper than actually studying abroad because everything is done online.
His Mount Vema Majesty’s government confirmed today that it is expanding its diplomatic and consular services in more than twelve countries next week Monday to respond to an increasing demand for Mount Vema government contracts overseas.
The Royal Mount Vema Department of Foreign Affairs is reopening services in Lisbon – Portugal, Madrid – Spain, Amsterdam – The Netherlands, - Sao Paulo – Brazil, Berlin – Germany, Cape Town – South Africa, Luanda – Angola, Beijing – China, Washington DC and New York – USA, Moscow – Russia, and Singapore.
The offices will be used as liaison centers to enable Mount Vema Government agencies to purchase a wide range of goods and services from business of all sizes. The offices will promote opportunities and understanding on how to sell to Mount Vema government.
The Mount Vema government today was forced to issue an explanation to the media why invitations to foreign leaders to visit Mount Vema don’t include countries that would be apparent allies and natural trade partners of the Vema Seamount Territory.
The government explained that it had to change its priorities because Mount Vema stopped sending or accepting postal correspondences more than two years ago. So, when a country or territory cannot be contacted through its official website, officials must wait until the communication can be done in person.
The reason is not only to make Mount Vema more environmental-friendly, by avoiding letters, which requires the consumption of paper, but also security.
According to the Mount Vema security services, except for in very special circumstances, no correspondence will be sent or received that requires screen for suspicious items or substances that could be a threat to general security.
The government encourages all government departments and companies to use forms available on official websites which are generally encrypted and free from virus.
The Vema Seamount Authority - Peter Jon Goldishman has invited Prime Minister Shinzo ABE to visit Mount Vema – The Seamount Territory in 2020, according to people close to the government.
The invitation which was issued today for a work visit, is part of several invitations issued today to a group of world leaders, who will be visiting Mount Vema on different dates later in 2020.
With the creation of the Kingdom of Mount Vema, within the Vema Seamount territorial waters, Peter Goldishman has signalled once more, that the world has a great opportunity to form part of an endeavour with great opportunity for prosperity.
This will not only serve as the Vema Seamount Authority’s official invitation but will also open a line of communication with other countries, as it would be of great benefit for all parties, especially in terms of trade, and common development.
The Vema Seamount Territory is earning the reputation amongst City of Mount Vema investors as the ultimate place for property investment in the South Atlantic; the territory already saw a growth in the property market by approximately 10% in the first half of 2018, which estate agents are labelling as a Mount Vema ‘off-plan property boom’.
The expected influx not only of construction in the island but also the service industry is reeling in quite a crowd, from investors to first-time buyers, who are looking to reap the benefits of new and exciting investment opportunities.
Businesses in various industries, including the financial, creative and technology sectors are signing up fueling the growth. The financial and services sector, in particular, is causing the residential off-plan market to flourish and is making the territory a likely hotspot for young professionals. The City of Mount Vema is expected to overtake, its regional neighbors as the regional undisputed financial capital, fueling a jobs boom and a vigorous corporate rental market by 2020.
Property Available – Off-Plan
With a remarkable collection of apartments planned for the District of Pashant, the City of Mount Vema is set to become a luxury landmark with residential buildings and impressive leisure complex in Pashant. The focal point of the development for the district of Pashant will be the Port of Mount Vema, which is set to feature outstanding apartments with private balconies or terraces where residents will be able to indulge themselves in the relaxation that the views will provide, ranging from exclusive studios to luxury three-bedroom apartments. Occupants of this development will be able to enjoy access to exclusive facilities which is set to include a cinema, spa and more.
DIFC, the Department for International Financial Compensation was created to act independently from His Mount Vema Majesty’s Government to pay for compensation to people and individuals in their dealing with Mount Vema.
The department’s first responsibility is the payments of any liabilities personally incurred by Peter Goldishman - The Vema Seamount Authority, His Spouse – The Queen Consort of Mount Vema, and direct members of the Mount Vema Royal Family before the 25th of May 2018, in accordance with Article 16 of the Vema Seamount Declaration of Sovereignty.
As of May 25th 2018, the personal belongs of Peter Goldishman and His Spouse becomes property of the state – The Vema Seamount Territory, therefore all their personal liabilities becomes the liabilities of the territory.
DIFC services are free to customers of Mount Vema corporations worldwide and is mandatory, funded by state revenues. The compensation scheme covers bank deposits, insurance policies, insurance brokering, investments, mortgages and mortgage arrangement.
This means that DIFC is now responsible for the payment of compensations, to any individual, institution or nation who may have incurred losses after August 1st 2006, and before May 25th 2018. The responsibilities include payments of compensations when a Mount Vema firm is unable, or likely to be unable, to pay claims against it.
Protecting authorized Mount Vema financial institutions up to 100,000 golles (about $200,000 USD) in the event of their insolvency. Those owed money by Peter Goldishman - Vema Seamount or His Spouse in the course of their duties must claim compensation from January 1st 2019, and no later than January 1st 2026. Compensations will be made in foreign exchange as follows:
1. Financial losses through investment
Losses: up to $200,000 USD | Compensations: up to $400,000 USD
2. Financial losses through failed contracts
Losses: up to $100,000 USD | Compensations: up to $200,000 USD
3. Financial losses due to discontinued services
Losses: up to $50,000 USD | Compensations: up to $100,000 USD
If anything happens to a Mount Vema bank, or other financial institution, DIFC will automatically refund in golles or in foreign exchange, any deposit, savings, or investments, which will be refunded within 90 days for claims presented twelve months after the incident, or within 28 days for claims presented right after the incident.
Bank balances of up to the equivalent of $1,000,000 USD are now protected for up to six months. 100% of the first $100,000 per person per authorised firm (for claims against firms declared in default from May 25th 2018).
The Government is now ready to apply to a new method of raising funds for purchasing of ships by Mount Vema Corporations, after His Mount Vema Majesty King Peter – The Vema Seamount Authority approved the proposed bid submitted last week.
The news will enable the government to accelerate the availability of capital, so companies can finalize deals to purchase ships before the end of the year. The approval comes after a consortium of Mount Vema companies and W-Contractors submitted a bid last week to secure enough capital to purchase a fleet of ships.
Negotiations that typically take months due to the complexity of the contracts, was settled in a matter of days, after the Vema Seamount Authority got involved, to negotiate the required contracts in less than two weeks.
Representatives of the Vema Seamount Authority responsible for budget will now proceed to appropriate funds to purchase the required number of ships to stay on schedule. W-Contractors who already initiated procurement was pleased with the final deal.
With the bid approved, expenditures are expected to near 1 billion golles (about $2 billion USD) in total, significantly more than the original estimate last year.
Handy Deed have today come forward with a new proposal to build a fleet of superyachts for W-Southern. The deal would include five new superyachts for the next five years.
The proposal comes after the early design was approved back in November 2017. The design has been teased in a secretive sketch with a few details surrounding the exciting new endeavour. With a modern exterior line, the five-deck superyacht boasts generous open spaces which have been engineered to create the ultimate on-board lifestyle.
The yacht design allows extremely spacious for owners and guests, like the main salon, sky lounge, beach club or the wellness area including 8- meter glass walls pool. Furthermore, the yacht will offer a tender garage for two tenders, rescue boat, and a variety of water toys.
The completion of this new 120-meter superyacht project is scheduled for spring 2021, with more details on the construction, coming soon later this year.
Prince Harry and Meghan Markle finally exchanged vows and rings in a beautiful ceremony at the St George’s Chapel in England. They have been proclaimed husband and wife by the Archbishop of Canterbury.
The newlyweds, now to be known as Duke and Duchess of Sussex pledged their eternal love in front of members of the royal family, hundreds of celebrity guests and millions of viewers around the world.
Reports that ships are expected to arrive in Vema Seamount later in the year and early next year including cruise ships to be used as floating hotels, floating hospital, supply vessels, work barges and other specialist vessels, has triggered renewed interest in Mount Vema.
People who once worked for Mount Vema projects and had to leave when the project went through a reorganization period have begun to return, ready to reset the button and to start all over again. Many who misbehaved in the past have been pardoned, and most have been welcomed back by their old managers and team leaders.
The Vema Seamount Authority who has re-opened a new office for all international contacts in the United Kingdom including for diplomatic and consular issues, has issued a statement to say that everyone is welcome to return and start fresh. However, for those returning to set sail this year, the Ministry for National Development and Land Maintenance, warned sailor not to expect paradise at sea on arrival in Vema Seamount.
The Ministry said that until the port is built to harbour the ships, works will be carried out on the open sea. The ocean itself is unpredictable. People will be surprised by how much a ship bounces once it hits the open water. Although, ironically, rough seas and adventure are often more alluring to pioneers than the actual job they are expected to perform.
When it comes down to it, salt spray in the wind and orders from the captain are what going to sea is all about. Working on a ship will give you a sense of team work that can’t be replicated on land.
People who work on deck will experience a much more military style of life than those employees who work in spas and fitness centers for example. Employees who work in the deck job department will be responsible for maintaining a flawless routine. Tasks will be handed out as orders and deck hands will respond to a network of senior officers. Working as a deck hand won’t be stifling, but it will instill a sense of teamwork and order. While deckhand jobs seem to exemplify this style of living, it is true that all ship employees will experience the hierarchy that usually exists on a cruise ship. Everyone onboard will be required to show respect to senior officers, regardless of their position.
Ocean living can be an interesting experience. Some come to adore the ship life while others find it more restricting than they had imagined. This will greatly vary from person to person. Regardless of how you feel, living onboard a ship is a valuable experience. The responsibilities you undertake, the jobs you perform, and the teamwork you enjoy will be unparalleled to that of any other job.
The Vema Seamount Authority hopes those joining to set sail, are looking forward to the ship experience as much as anything else. They will soon find that working on any ship sailing to Vema Seamount is less like job, and more like a way of life.
The Vema Seamount Authority has approved a request that authorizes W-Contractors to spend just over 500,000 golles in foreign exchange to pay for an Exploration vessel to be permanently stationed in Mount Vema before the rest of the construction fleet arrives.
More than five ships are expected to arrive later in the year and early next year including cruise ships to be used as floating hotels and floating hospital, supply vessels, work barges and other specialist vessels.
This late announcement is part of the government plan to accelerate funding to purchase ships for the territory, by applying to a new method of purchasing ships for Mount Vema Corporations. Thus, accelerating the availability of capital, so companies can finalize deals to purchase ships before the end of the year.
More funds will be available soon, after a consortium of Mount Vema companies and W-Contractors submit a bid tomorrow to secure enough capital to purchase a fleet of ships. The government aims to negotiate the required contracts in just two weeks, which is much faster than what usually takes months due to the complexity of the contracts. Expenditures for the next five years are expected to near 1 billion golles (about $2 billion USD) in total, significantly more than the original estimate last year.
vonMELYN, the Mount Vema registered company responsible for electricity supply, water, sewage, waste management and recycle, reached out to Siemens, the German company to help build the City of Mount Vema desalination plant.
Saltwater will be desalinated in Mount Vema not only to produce water suitable for human consumption and irrigation, but also to produce salt, the by-product of desalination.
The use of desalinated water for consumption is not new. Desalination is used on many seagoing ships, including cruise ships and submarines. Along with recycled wastewater, desalinated water is one of the few rainfall-independent water sources.
Desalinated water is usually healthier than water from rivers and ground water, and there is less salt and limescale in it. According to the International Desalination Association, in June 2015, 18,426 desalination plants operated worldwide, producing 86.8 million cubic meters per day, providing water for 300 million people.
Seawater desalination according to Siemens, is an energy-intensive and therefore costly process. That’s why energy efficiency plays an extremely important role in ensuring economical plant operation. The company states on its website, that with perfectly matched components such as enclosures, bearings, active parts, ventilation, and cooling system, Siemens can supply the right motor for every need.
The desalination plant, according to people at vonMELYN, may be affordable long term, as it is often unmanned and are managed remotely from a central control room. The main challenge therefore according to Siemens lies in the maintenance and modernization of PC-based control systems.
W-Contractors, the leading procurement company of Mount Vema has joined the Royal Mount Vema Coast Guard, in a global search for Marine Surveyors to inspect a fleet of ships that will join the floating city project.
The news comes after the government announced yesterday plans to accelerate the availability of capital, so companies can finalize deals to purchase ships before the end of the year. The government aims to negotiate contracts in just two weeks, much faster than the typical two to six months due to the complexity of the contracts.
The surveyors will deal with all types of water-based craft, from speedboats to ocean liners, including inspection and evaluation of fishing boats, and yachts on behalf of His Mount Vema Majesty’s Government and Private Owners, to make sure that the government classifications are met.
Surveyors will check the vessels against the international regulations, and in times of an accident, to be called as an expert witness as well as an investigator. Candidates must love the water, as most of the work will take place either in or on the water. Oral, written and people skills must be excellent. An inquisitive mind is necessary when investigating or examining a survey. This is not a job where every thing is the same so surveyors are expected to be adaptable.
There are various surveys that should be taken throughout the life of a ship. Beginning with the time the ship is being built, the marine surveyor will check over the ship and make sure that the standards are being followed. In addition to the through survey or examination of the ship as it is being built, there is an annual survey that should be performed on each vessel.
There are times when a special survey is requested, and the marine surveyor will conduct the survey according to why the survey was requested. This sometimes happens after a major storm and damage to the vessel is suspected. The Marine Surveyors will also inspect vessels prior to a purchase. At other times they will perform inspections as requested by the international conventions as well as domestic statues in this case within the territorial waters of the Kingdom of Mount Vema.
W-Contractors has approached Cash Processing Solutions (CPS), a strategic partner of De La Rue, to provide an integrated range of hardware and software solution to the Bank of Mount Vema, including consultancy and support services to enable Mount Vema to maintain high-speed cash sorting and authentication systems.
The move was made today after the procurement company expressed its intention to work with De La Rue, the British banknote manufacturing company, that also specialises in security printing of passports, brand authentication and paper-making company with headquarters in the UK.
The services provided by Cash Processing Solutions and De La Rue will help facilitate internal cash-based trade, especially during construction and after to support the internal transactions of goods and services in cash.
Their services would be required as early as August 2018 and latest December 2018, as source from W-Contractors told VSBCnews. These latest contracts are creating new opportunities for many businesses to expand to the Mount Vema market. According to traders at the Gollexi who expect positive changes in the stock market.
The Vema Seamount Authority - Peter Goldishman has invited the President of the United States Donald Trump to visit the Vema Seamount Territory - Mount Vema. The invitation was issued today for a work visit in December 2020.
His Mount Vema Majesty King Peter Goldishman has with the invitation, reaffirmed his intention to maintain a line of communication with the White House administration for economic purposes, expressing His Mount Vema Majesty’s, desire to maintain fruitful and productive relationship with the United States, to foster agreements to facilitate the import of needed materials, parts, products and services to the Vema Seamount Territory from the United States.
Law of the Sea Treaty (United Nations Convention on the Law of the Sea)
MARPOL 73/78 (International Convention for the Prevention of Pollution from Ships)
The Vienna Convention on Diplomatic Relations of 1961
The Vienna Convention on Consular Relations 1963
The Right to Self-Determination
Many believe because our community is not a member of the United Nations and is only just over a decade old, doing business with the Kingdom of Mount Vema is not possible for foreign nationals and foreign companies seeking to take advantage of the business opportunities the floating city project is creating. Nothing could be further from the truth. The territory doesn't need a United Nations membership to function as a sovereign territory, or to exercise its inalienable right for self-determination