Statutory Certificates: 
Those certificates which are required by the law with respect to safety and environment protection that the vessel is required to comply with are called statutory certificates. 
Eg-SOLAS, MARPOL, STCW, MLC 2006
 
Mandatory Certificates: 
Certificates which are required for trading purpose. Ship’s registry certificate is a mandatory certificate however for Indian Ship’s it is Statutory Certificate. OPA’90 is a Statutory certificate for ship’s transiting in U.S waters but  mandatory for other ship’s.
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