Tag: regulatory update

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Making maritime dispute resolution more efficient: what the Singapore Convention may mean for the shipping community

Litigating maritime claims can cost P&I clubs, and vessel and cargo interests, millions of dollars in legal costs per year. It takes time and resources to achieve the desired result or not, and at the forefront of The Standard Club’s claims handling philosophy is reducing costs for its members. With this in mind, are there alternatives to potentially costly litigation?

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ISM Code: Regulatory Update at a glance

The ISM Code in its mandatory form was adopted in 1993 by resolution A.741(18) and entered into force on 1 July 1998. Since then, revised Guidelines were adopted by resolution A.913(22) in  2001, and subsequently by resolution A.1022(26) , adopted in December 2009, resolution A.1071(28) in December 2013, and revised Guidelines adopted by resolution A.1118(30) with effect from 6 December 2017.

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