Emergency Contact International Group - Compulsory Insurance S-C Maritime Labour Convention (MLC) Home Latest updates Publications International Group - Compulsory Insurance S-C Maritime Labour Convention (MLC) 21 May 2013 Download page as PDF Sign up for alerts CIRCULAR 08/13 21st May 2013 TO ALL MEMBERS, Recent press articles and the imminent entry into force of the Maritime Labour Convention 2006 have brought the Convention and its requirements on vessel owners into focus, in particular the ‘financial security’ requirements. The Group has contacted each of the 38 States Parties to ask whether their administrations will accept an International Group P&I Club’s Certificate of Entry as evidence of the owners’ financial security under the Convention. To date such confirmation has been received from ten States*. Some States have not yet developed their implementing legislation and others have not yet considered the issue but no State has said that they will refuse a Certificate of Entry. By way of clarification and for owners’ guidance the financial security requirements which will become effective in August 2013 are set out below. The Club will continue to work to keep Members updated on the progress of the Convention and the work of the IG in liaising with the remaining 28 State Parties to obtain approval for Club Certificates of Entry as evidence of financial security. We will endeavour to obtain universal acceptance as originally planned.   Standard A2.5 – Repatriation This Standard and accompanying Guidelines provide that seafarers are repatriated at no cost to themselves and shipowners shall provide financial security for the liabilities established in the Standard. Owners’ liability for this Standard has been discussed extensively. All International Group Club Boards considered it desirable to include specific cover provisions in respect of repatriation in the circumstances listed in the convention, including in case of insolvency. It was recognised th