Considerations for Ship Recycling Explained by Wirana

 In the past few years, there have been some of the cases where the operators might have suffered financial damage due to the fact of how their ships were recycled at the end of life of ship. So what makes it difficult for the operators to navigate? It is just the absence of international and uniform application convention that can be used while recycling the ships. This blog post is concerned with the applicable conventions and some of the useful suggestions so as to what are the facts that the members should prioritize when it comes to recycle their ship. 


 

This fact must be noted that there isn’t any universally applicable convention for the recycling of ship and also there isn’t any particular kind of uniform standard for safety and environmental standards for the recycling of ships at various locations, thus, there are some of the recommendations that the cash buyers of ships should keep in mind while pursuing ship recycling. Those are as follows:

·         The recycling yards for the ships must be selected on the basis that it should own a Statement of Compliance with the Hong Kong International Convention so as to conduct the safe and environmentally sound recycling of the ships. Or either, it should have compliance with the EU Ship Recycling Regulation 2013.

·         Whenever any company is planning to sell the ship to one of the third parties, then they must ensure the fact that there is total compliance with the ESRR or EU Ship Recycling Regulation, the Basel Convention so as to control the transboundary movements of the toxic wastes, the Basel Ban Amendment or the European Waste Shipment Regulation or EWSR and all the other licenses must be acquired for avoiding any legal complications.

·         It is important that the cash buyers of ships refer to the additional industry guidance like the Shipping Industry Guidelines on the transitional ways and means for the ship owners for selling the ships for recycling and International Chamber of Shipping.

You must have heard that the IMO’s mission statement is “to promote safe, secure, environmentally sound, efficient and sustainable shipping through cooperation”. This mission statement of IMO follows the rule that they have a great role in the promotion of safe and environmentally sound recycling of ships at the end of a ship’s life. One of the most effective ways of addressing the concerns regarding the ship recycling will be locating the toxic substances on the ships and then working in the environmental conditions at the ship recycling locations. This way, safety and environmental standards for the recycling of ships can be achieved.

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