The sessions of these committees are attended by numerous delegates and experts from the member countries and also by non-governmental and intergovernmental organizations.
Non-governmental organizations might be given consultive status if they demonstrate expertise and competence to contribute according to the requirements of IMO. The governing body of the IMO is an assembly that meets bi-yearly. The assembly comprises of all the member states. In the intervening time between the Assembly sessions, a council acts as the governing body. This council comprises of 40 member states who are elected by the assembly for a specified period of time.
The committees of various tasks and duties mentioned above are also governed and observed by these governing bodies. The secretariat has a workforce of over headed by the Secretary-General. The Secretary-General is elected by the Assembly and holds his post for a duration of 4 years. The major areas of concern, which the International maritime organization has been able to bring under regulation, have been the prevention of accidents, setting up safety standards for ships and other vessels including design and materials for the member states to abide by, maintaining adherence to the established treaties of safety and security, prevention of pollution and other avoidable human disasters.
IMO also facilitates technical co-operation among member states, setting up an audition and monitoring scheme for these rules, standards and finally monitoring liabilities and compensation in case of breach of any of these regulations.
The international maritime organisation also organizes several events and awards to increase awareness about the maritime industry and recognise those who have made a significant contribution. In other words, its role is to create a level playing-field so that ship operators cannot address their financial issues by simply cutting corners and compromising on safety, security and environmental performance.
This approach also encourages innovation and efficiency. Shipping is a truly international industry, and it can only operate effectively if the regulations and standards are themselves agreed, adopted and implemented on an international basis. And IMO is the forum at which this process takes place. International shipping transports more than 80 per cent of global trade to peoples and communities all over the world.
The first draft of it was adopted in following the sinking of the Titanic, before the creation of the IMO. It's important to note that the IMO does not implement or enforce policy, in any way. The IMO was created to adopt policy , not enforce it. When governments accept an IMO convention, it agrees to make those policies national law and to enforce those laws. The IMO did develop an audit program that made audits required, effective as of January However, there is no countermeasure available to the UN if the country is not enforcing the policies set by the IMO.
Instead, the IMO provides feedback and advice on a country's current performance. The IMO was established by means of a convention adopted in Geneva in It entered into force in , and first met in Among the organizations which have been integral to the policy developments at the IMO is the U.
Coast Guard. Beyond shipping, an IMO is also known as an independent marketing organization. This is an organization that works with insurance companies to market its products. The duties of an IMO can include other marketing tasks, such as distribution. Federal Reserve. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page.
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