Where, for example: (1) there is a prospect that a vessel being salved will become a total loss before successful completion of the salvage operation; or (2) there is a prospect that any Article 13 reward for saving property will be will be less than the costs of the salvage operation (e. g. due to low ship or cargo values).
The Baltic and International Maritime Conference, which has an international membership of shipowners, shipbrokers, agents and P&I clubs. BIMCO represents the views of its members and helps them avoid costly business mistakes. It publishes many well-drafted forms including charter parties and bills of lading, and publishes the journal BIMCO Bulletin. Website: www. bimco. org
(1) The VTM Directive is implemented in the UK by The Merchant Shipping (Vessel Traffic Monitoring and Reporting Requirements) Regulations 2004 (SI 2004/2110), as amended. (2) The Port Waste Reception Facilities Directive is implemented by The MS and FV (Port Waste Reception Facilities) Regulations 2003 (SI 2003/1809), as amended. (3) The PSC Directive is implemented by The Merchant Shipping (Port State Control) Regulations 2011 (SI 2011/2601).
A rule in major IMO conventions that, when inspecting a ship flying the flag of a State which is not a party to the Convention, Port State Control Officers must ensure that the treatment of such a ship and its crew is not more favourable than that of a ship flying the flag of a State party to that Convention. For example, many States have not yet ratified or acceded to MARPOL Annex VI, but ships flying their flags will still be required to meet the requirements of Annex VI to pass port State control inspections.