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Sri Lanka Navy earns USD 20 m from OBST Operations

Sri Lanka Navy earns USD 20 million from OBST Operations

[Feb 17 2017]

Sri Lanka Navy has earned USD 20 million to-date, from Onboard Security Team Operations (OBST), said the Navy media. At the existing currency exchange rate it is approximately Rs. 3 billion which are directly deposited in the Consolidated Fund of the Government.

OBST Operations since mid-November 2015 has seen more than 8,200 ship movements' mainly through Galle and Colombo operations centres, at a monthly rate of 550 OBST moves earning Rs. 200 million.

The report also said that, the Sri Lanka Navy took over OBST duties following a special directive by the President Maithripala Sirisena.

Accordingly, Sri Lanka Navy is responsible of receiving, storing and issuing of weapons, ammunition and equipment registered with foreign and local On-board Security Teams (OBST), who operates for merchant shipping companies.

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