Maritime Labour Convention (MLC) 2006 as amended and the Financial Security Requirements under Regulation 2.5 and Regulation 4.2
On 18 January 2017 the amendments to MLC will enter into force. Such amendment will require shipowners to display certificates on board regarding to the following:
- Outstanding wages and repatriation of seafarers together with incidental costs and expenses as per Regulation 2.5, Standard A2.5.2 and Guideline B2.5;
- Compensation for death or long term disability in accordance with Regulation 4.2, Standard A4.2 and Guideline B4.2.
The certificates are to be issued by an insurer or other financial security provider confirming that insurance or other financial security for the above is in place.
This requirement applies to all commercial vessels over 500 GT which fly the flag of a State Party and are engaged in international voyages as well as all vessels over 500 GT calling at a port in a jurisdiction where the MLC is in force.
Certificates are not required for ships registered in States which are not party to MLC and which will not call at States which are party to MLC.
Hanseatic Underwriters is pleased to announce that we have created a cover and will issue relevant certificates as required under Regulations 2.5 and 4.2 to our clients enabling them to comply with those new requirements. Clients may download the relevant policy wording from our web site:
We would kindly ask all clients requiring certification to fill out the following application form and to send same to their usual underwriting contact:
We will issue Certificates in PDF format. Owners must print the Certificates and ensure that they are posted in a conspicuous place on board where they are available to seafarers no later than 18 January 2017.
There is no need to apply for State issued Certificates. However, some States may require shipowners on their register to supply copies of the Certificates for their records.
Please do not hesitate to contact our underwriting team for any further questions.