Keep shipping regulation global

Overview

BIMCO's position on "keep regulation global" has been approved  by the BIMCO Board of Directors.

Background

Around 90% of global trade is transported by sea. Shipping is crucial for global trade. It also delivers a range of indispensable services especially in the offshore sector.

International conventions govern maritime transport, including safety and security, environment protection, liability and compensation as well as standards of training and watch keeping.  Their effective application depends on swift and broad ratification and uniform implementation by states.

Some conventions have struggled to get sufficient support. As a result, important conventions such as the Hong Kong Convention on ship recycling have not yet been ratified by the necessary number of states to enter into force. This creates uncertainty in the application of a global regulatory framework for shipping and a risk of unilateral regulations.

BIMCO’s position

  • BIMCO strongly supports internationally agreed standards and regulations to retain a level playing field.
  • Shipping needs international regulation because it operates globally and reaches across borders or regions. BIMCO supports the International Maritime Organization (IMO) as the main regulator for shipping.
  • The regulatory framework for shipping has to be transparent, proportional, internationally agreed and non-discriminatory. It should be broadly and uniformly implemented by flag and coastal states with fair and realistic notice periods to ensure a level playing field for all engaged in transportation by sea. 
  • Regulations must be workable and realistic.  To achieve this, it is crucial to have proper impact assessments to also determine if technology is available before measures are adopted. 
  • BIMCO opposes national and regional initiatives that create inconsistency and uncertainty in the application of international rules.

 

Rasmus Nord Jorgensen
in Copenhagen, DK

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