SECURITY CODE COSTS
October 1st, 2003
BY DEIRDRE MASONWHAT price safety? Ports and shippers racing to comply with an extremely tight deadline to meet the new International Marine Organisation security requirements are still not sure what the final bill will be. However, with the newly added SOLAS (safety of life at sea convention) special measures and the also new International Ship and Port Facility Security (ISPS) code due to come into effect on 1 July 2004, those who are not already well down the line to meeting the requirements will find the costs rising sharply as demand for security services ...
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