IMO welcomes ISM Code study: ISM Code - phase 2 ships

The Secretary-General of the International Maritime Organization (IMO), Mr. William A. O'Neil, has welcomed the publication of the results of a new study carried out by The Swedish Club confirming that shipowners implementing the ISM Code can expect to achieve a reduction in hull claims of 30 per cent or better, together with a similar improvement in the incidence of P&I claims.   The study followed one carried out in 1999 which had reviewed claim trends in the three years to 30 June 1999 indicating that the claims development during the period was 30 per cent better for those ships for which 1 July 1998 was the implementation date - the phase 1 ships.

Recalling the increased safety awareness and environmental consciousness that effective implementation of safety management systems can bring, Mr. O'Neil notes the beneficial impact on safety and environment as well as the benefits to be gained by the shipping industry in meeting the ISM Code's objectives.  The reduction of accidents and incidents following ISM Code implementation reported by some companies and the encouraging results reported by port State control authorities with respect to ISM Code implementation on the phase 1 ships, both point to the positive effect of the Code on operational standards.

The Secretary-General also welcomed reports from Lloyds Register that it was now seeing a steady flow of approaches from shipping companies seeking ISM Code certification and that the process is moving along better than that experienced for the ships in the first phase of implementation.

With an estimated 13,000 ships requiring certification by the second deadline of 1 July 2002, and IACS reports of around 6,000 ships certificated to date, Mr. O'Neil stresses that there is clearly no room for complacency and urges those shipping companies that have yet to start implementing their safety management systems to do so without further delay.



For further information please contact:
Lee Adamson, Public Information Manager on 020 7587 3153 (ladamson@imo.org) or
Natasha Brown, Information Officer on 020 7587 3274 (nbrown@imo.org).