
Bolstering the IMO’s legal maritime infrastructure for global benefit
The UAE recently participated in the
109th session of the International Maritime Organization’s (IMO) Legal
Committee meetings to discuss key issues related to the maritime sector and
best international practices. This underlines the country’s commitment to
serving the IMO’s objectives, developing the global maritime industry, and
promoting its competitiveness. The country plays an active role in developing
maritime strategies and policies, setting standards that regulate the
industry’s operations, and strengthening its legislation.
By collaborating with the IMO member states,
the UAE aims to serve the shipping industry and facilitate the progress of international
trade.
The country has assumed a great
responsibility in this regard since it was first elected to the IMO Executive
Council under Category B in 2017. The UAE has been re-elected to the IMO
Executive Council three times in a row, and got the highest number of votes in
the last IMO elections held in December 2021. This reflects the amount of
confidence IMO members have in the UAE’s impact on the global maritime
industry, as it has the necessary expertise required to catalyse its
advancement.
Reinforcing the
quality of IMO’s legal system
Developing the legal system is one of the
biggest challenges facing the maritime industry worldwide. The process takes
years, which makes commercial laws in many cases outdated and not relevant to
their context, as if they belong to another era. The UAE’s proposal to make
international agreements and treaties flexible, self-updating, and amendable
according to the current commercial and economic data is very important. It
will greatly help ship owners and various other maritime industry players who
suffer because of laws that are not updated as per the current developments.
Problems IMO faces
in changing regulatory landscape
An increasing and changing regulatory
landscape, as well as a lack of specialised maritime courts with judges
experienced in maritime matters has proved problematic. Add to this, an
adherence to a relatively “old” maritime codes is troublesome in forwarding the
regional sector and enhancing global stature. With a lack of availability of
supportive finance in support of maritime assets, and increased cost of living,
rounding out the main challenges which currently face the industry, the
question remains – what can be achieved in the next 10 years to fine-tune the
legal side of maritime?
Therefore, the IMO’s legal infrastructure
will continue supporting the industry but with an ever-increasing challenge
that faces most businesses in the region – increasing regulations, new(ish)
risks like cyber security and increasing use of technology – will continue
applying pressure, and this is nothing new. Maritime lawyers have always had
different pressures, but it is the ones who adapt and embrace change that will
enjoy the race and come out in poll position.