Generation II Of The International Registry Website The Closing Room: A Transactional Approach to Registrations

Abstract

The International Registry, established pursuant to the Cape Town Convention and its Aircraft Protocol, will be establishing a new generation of its website during its eighth year of operations. The most significant change that will occur is the establishment of a closing room facility for assembling registrations. The closing room facility is expected to be in operation by mid-year 2014. The closing room facility will enable registry users to assemble all the data required to make the full set of registrations for a transaction, and will give the transaction participants the opportunity to review and agree to revise a complete set of planned registrations, all in advance of conducting a closing and placing such registrations into the International Registry data base. This article will examine the concepts underlying the closing room facility, describe the process for using this new facility and consider some expected practices and questions.