Providing new opportunities to protect and advance financing of rolling stock
Preparations underway
Learn more
Preparations underway
Learn more
The International Registry of Interests in Rolling Stock (Rolling Stock Registry) enables a new, global system for the recognition and prioritization of security interests held by creditors in railway equipment. The Rolling Stock Registry offers registration and search of international interests in rolling stock, providing new opportunities for sector advancement and protection. The Registry supports financiers by offering the ability to register interests in rolling stock and search the Registry to conduct due diligence related to the parties and specific items of rolling stock.
The Rolling Stock Registry operates within the international legal framework of the Luxembourg Rail Protocol (Protocol) under the Cape Town Convention (Convention). The Convention and the Protocol increase certainty and reduce risks in asset-based financing for the acquisition and use of railway rolling stock through a legal framework providing international recognition and enforcement of creditors' rights.
The Protocol covers rolling stock running above, on or under a permanent guideway - high-speed to light rail trains, freight locomotives and wagons to trams and subways, people movers at airports to gantries and cranes running on rails at ports.
The Protocol introduces a permanent, unique identifier for rolling stock known as the URVIS number. The URVIS enhances certainty and transparency when registering interests or searching in the Registry. The URVIS aligns with the work of the United Nations Economic Commission for Europe (UNECE) Inland Transport Committee and its adoption the Model Rules on Permanent Identification of Railway Rolling Stock February 2023. The Registry will be the official issuer of the URVIS number.
Under the stewardship of the International Institute for the Unification of Private Law (UNIDROIT) and the Intergovernmental Organisation for International Carriage by Rail (OTIF) with the vital support of the Rail Working Group and other industry and government and non-government organizations, the Luxembourg Rail Protocol is nearing realization.
