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.
This year, members of the Mount Vema community voted for the producers of The Blue Planet in recognition for their work in relation to the marine life.
The Universal Cross, is one of the most prestigious prizes awarded annually by The Kingdom of Mount Vema to people and organizations worldwide for services to the Environment, Promotion of Peace, Universal Welfare and Life Achievement.
The Blue Planet is a British nature documentary series created and produced by the BBC. It premiered in 2001 in the United Kingdom. It is narrated by David Attenborough, and it is the first ever comprehensive series on the natural history of the world's oceans, enabling the world to understand the different aspects of marine life, with behaviours that had previously never been filmed.
The Universal Cross 2017, is not the first recognition and is not the last. Over the years, Mount Vema has given many prestigious awards in recognition for several works in relation to the welfare of the universe.
The Royal Mount Vema Society for Marine Science and Conservation was formed today by His Majesty King Peter Goldishman to protect and preserve the ecosystems in oceans and seas, and focus on limiting human-caused damage to marine ecosystems, restoring damaged marine ecosystems, and preserving vulnerable species of the marine life.
As inhabitants of the largest environment on Earth, the marine life drive changes in every global system. Its microbes are responsible for virtually all the photosynthesis that occurs in the ocean, as well as the cycling of carbon, nitrogen, phosphorus and other nutrients and trace elements.
Microscopic life undersea is incredibly diverse and still poorly understood. The Royal Mount Vema Society for Marine Science and Conservation from its base in Mount Vema will work to understand, the role of viruses in marine ecosystems that have barely being explored.
The work of the society will include multidisciplinary field of study and research of ocean life and physics. From Marine biology, Marine ecology, Marine chemistry, Chemical oceanography, Marine geology and Physical oceanography.
Vema Seamount Legislation
The Statutory Laws of the Kingdom of Mount Vema
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