When does A, B, C become X, Y, Z? When the IMO changes the rules.
They’ve been discussed at the IMO in its various committees for years, and now they’ve come into force.
Stricter rules on carrying vegetable oils in bulk by ship are among the changes introduced by amendments to the International Convention for the Prevention of Pollution from Ships, 1973, as modified by the Protocol of 1978 relating thereto (MARPOL 73/78), which entered into force on 1 January 2007.
The revised Annex II regulations on carriage of noxious liquid substances carried in bulk (including chemicals and vegetable oils) introduce significant changes to the way certain products may be transported, in order to protect the marine environment from harm.
This is only an excerpt of Market Commentary – 01/25/2007
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