Twelve contracting States party to the Convention now represent more than 28.8% of world merchant shipping tonnage.

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The Convention regards the design, construction, operation and maintenance of ships, and preparation for ship recycling in order to facilitate safe and environmentally sound recycling, without compromising the safety and operational efficiency of ships.

According to the treaty, ships to be sent for recycling must carry an inventory of hazardous materials, specific to each ship. Ship recycling yards are required to provide a 'Ship Recycling Plan', specifying the manner in which each ship will be recycled, depending on its particulars and its inventory.