How The Shipping Associations Are Of Immense Help

By Author: Nishan Pitterson
Total Articles: 5
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If you are a ship owner what is the first thing you would like to enjoy? You have a shipping business and you are very much satisfied with it. The first thing that will strike you is the safety of your business, rather the safety of your ship. Pirates are those dangerous people who are considered to be the enemies of the marine world. Therefore, it is very essential for you to safeguard your ship from these sea pirates. How can you do that? It is a big question. However you need not panic as the Baltic and International Maritime Council or BIMCO is an autonomous shipping trade association which is taking great measures in fighting against the Somali pirates. You can become tension free and prosper in your business.


What is BIMCO?


It is the largest shipping association that represents a large scale of ship owners, managers, agents as well as brokers across the world. It is focused on the shipping industry and controls around 70 percent of the world’s tonnage. BIMCO is accredited as a NGO or non-governmental organization which is destined to promote the development of global regulatory ...
... instruments.


BIMCO’s prime objective


BIMCO is a major association whose prime objective is to safeguard the global membership by providing the right information and better advice. The organization also helps to promote favorable business practices and thereby increases the synchronization and harmonization of extensive shipping contracts and practices that are on a commercial scale.


The association also maintains an intense and interactive session with the government to chalk out plans for administrating the marine world and regulating various institutions. BIMCO also maintains an intense conversation with the stakeholders belonging to USA, Asia and European Union.


BIMCO Crest
The Crest of the association is actually protected by the Danish Register of Associations. It should be mentioned that only the members of this organization have the privilege of displaying the BIMCO crest.


What is the vision?


The vision of the organization is to become the most influential and realistic shipping industry around the world.


What is INTERTANKO?


INTERTANKO is another important association that protects the marine world from pirates. It provides a wonderful service to its member countries by giving the best information and advice. It also promotes a powerful interference and hence regulates the actions of the shipping industry. It acts as a catalyst to enhance the security and safety of the shipping industry and also facilitates environmental preservation.