Maritime Labor Convention 2006 (MLC)
The ILO convention setting seafarers' rights and requiring since 2017 financial security covering crew abandonment and claims for death or long-term disability.
The Maritime Labor Convention, adopted by the International Labour Organization, brings together in a single text the standards on working and living conditions on board: employment agreements, wages, hours of work, accommodation, medical care, repatriation. The 2014 amendments added an insurance obligation of direct interest to insurers. The shipowner must have financial security covering the abandonment of seafarers, that is, the case where it stops paying wages, repatriating or feeding the crew, up to four months of unpaid wages and repatriation costs. It must also secure contractual claims for death and long-term disability resulting from an occupational injury or illness. A certificate must be displayed on board, and P&I clubs issue most of these guarantees, which allow seafarers to act directly against the guarantor without waiting for the defaulting shipowner.
Adopted on February 23, 2006 and in force since August 20, 2013, the convention saw its financial security amendments take effect on January 18, 2017; since then, the abandoned crew of a ship can claim up to four months of unpaid wages from the P&I club.
Follow the research
One letter a week. First, the week's underwriting note, when one is published: a dated, argued decision, signed by Paul Bernardski. Then what the observatory published on cyber risk, political risk and insurance. No account, no tracking.
No spam, one-click unsubscribe, no data ever sold.