Where the PSCO has considered the technical and/or operational deficiencies found, and concluded these provide objective evidence of a (serious) failure, or lack of effectiveness, of the implementation of the ISM Code, an ISM deficiency should be reported in the PSC inspection report. The Convention reference is SOLAS Chapter IX, Regulation 3 There is no need to link the ISM deficiency further to a relevant paragraph of the ISM Code.
The technical and/or operational deficiencies, which are ISM related, should be indicated in the PSC inspection report by ticking the “ISM related” box behind the additional comment of the particular technical and/or operational deficiencies. Although ISM deficiency code 15150 can only be raised once during an inspection, a ship can have multiple ISM deficiencies code 15150 raised during different inspections.
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FIT Alliance launches eBL declaration to secure
commitment to digitalization BIMCO, DCSA, FIATA, ICC, and Swift (The FIT Alliance) have launched the “Declaration of the electronic Bill of Lading” as the adoption of eBLs can help make international trade more efficient, reliable, sustainable, and secure. The aim of the declaration is to secure commitment from all stakeholders in international trade to collaborate on driving digitalisation, starting with eBLs, within their industries.
Every year, ocean carriers issue around 45 million bills of lading, one of the most important trade documents in shipping. Currently, many international shipping documents are not standardised, and the majority are still paper based, requiring physical hand-off between participants. The adoption of eBLs will enable the trade industry to benefit from faster transactions, cost savings (e.g. reduced administrative cost of cargo holding and document processing), and lowered fraud risks (through the use of digital authentication systems).
A McKinsey study estimates that if eBL achieved 100% adoption in the container sector alone, it could unlock $30-40 bn in global trade growth by reducing trade friction in the container trade alone. It could also help save 28,000 trees per year, equivalent to around 39 football fields of forest, and significantly reduce carbon emissions by eliminating paper.
“A universal eBL will benefit all stakeholders involved in the global supply chain whether in bulk shipping or container shipping. Achieving widespread adoption of a standards-based eBL will benefit not only the shipping industry, but also the global movement of goods, at a time when supply chain resilience is challenged,” the FIT Alliance says in a common statement, adding:
“This declaration is a significant symbol of our joint dedication to shape the future of shipping. Transforming document exchange through a globally applicable eBL will accelerate trade digitalisation to the benefit customers, banks, customs, government authorities, providers of ocean shipping services and all other stakeholders.”
As many of the technical and legal obstacles to universal eBL are already being addressed, a clear commitment to digitalisation from everyone involved in international trade is a crucial next step. By signing the FIT Alliance eBL Declaration, all stakeholders can publicly signal their readiness for change and their commitment to collaborate to drive digitalisation within their industries.
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