ICS released guidelines on transitional measures for selling ships for recycling five years ago, to prepare ship owners for the entry into force of the IMO Hong Kong Convention. The intention is that this guidance will be updated periodically as the new IMO standards are implemented by governments and more experience is gained. These measures are also supported by the national shipowners' associations in Australia, Austria, Belgium, Bulgaria, Canada, Chile, Croatia, Cyprus, Denmark, Finland, France, Germany, Greece, Hong Kong, India, Ireland, Italy, Japan, Korea, Kuwait, Liberia, Mexico, Netherlands, Norway, Singapore, Spain, Sweden, Switzerland, Turkey, United Kingdom and United States. The Convention requires each recycling facility to possess an approved Facility Management Plan which should provide a holistic system to ensure that ships are recycled in a safe and environmentally sound manner. It is unknown how many facilities possess such a plan at present and, if they do, the extent to which they comply fully with the IMO Convention. During the transitional period, obtaining confirmation that a Facility Management Plan exists is perhaps less important than shipowners obtaining firm guarantees in the contract of sale with respect to the Ship Recycling Plan and 'gas freeing' (see above). However, where shipowners are able to do so, confirmation of the existence of a Facility Management Plan, and its constituent subsidiary plans as described below, will serve as an indicator ...
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