THE International Chamber of Shipping (ICS) and BIMCO (Baltic and International Maritime Council) have been joined in demanding that a cost benefit analysis be done on any new rule imposed by regulatory authorities ahead of its implementation.
ICS and BIMCO have since been joined by International Association of Classification Societies (IACS), CESS (Committee for Expertise of Shipbuilding Specifics), Intercargo, Intertanko and Oil Companies International Marine Forum (OCIMF) in a joint declaration in face of sky high compliance costs.
In their joint communique, the annual tripartite meeting between shipowners, shipbuilders and classification societies in Tokyo, the group said: "The meeting unanimously welcomed the IMO theme for 2013 of 'a sustainable maritime transport system' and its recognition of the three pillars of sustainability; environmental, social and economic."
But they said they also "looked forward to an opportunity to emphasise the balanced inter-relationship toward a regulatory process that requires an initial impact assessment at the earliest stages of development of a new regulation, to assess its potential consequences and benefits on safety, the environment, and economic and social issues".
BIMCO president John Denholm, who chaired the meeting, said: "It was pleasing to see the commonality of views across the shipping industry as a whole."
Source : HKSG.