Best Management Practices for Somali Piracy BMP4
Tagged: piracy, shipowners, Somalia
The latest edition of the Best Management Practices for Protection against Somalia Based Piracy, more commonly known as BMP4 has been released to the shipping industry after consultations with United Kingdom Maritime Trade Operations Office (UKMTO), EUNAVFOR, the NATO Shipping Centre (NSC) and INTERPOL.
Whilst there are no radical changes, this being a progression from BMP3, there are some important new amendments. The major change is the reclassification of the previous ‘recommendations’ to the ‘3 Fundamental Requirements of BMP’ they are:
• Registering with MSCHOA (Maritime Security Centre Horn Of Africa)
• Reporting to UKMTO
• Implementing Self Protection Measures
The purpose of the Best Management Practices guides are intended to provide shipowners with advice on procedures and protection which can be put in place for the safety of the crew, vessel and cargo when transiting high risk areas.
The measures can, when implemented in conjunction with an appropriate policy structure and insurer, provide premium savings for War and Kidnap & Ransom insurance policies to owners and charterers.
Please contact us if you would like any additional information.
Recent articles
20 July 2011
What has changed in the marine insurance markets over the last year? And can Assureds expect to see these soft markets continue?
14 July 2011
We recommend ways for freight forwarders to ensure the liability insurance they purchase will protect them when they need it most.
Blog
30 March 2012
A recent report has highlighted how the rate of total losses of marine shipping has fallen significantly over the last 100 years.
30 January 2012
As of 30 January 2012, the US has issued some important sanctions against a few major corporations and the EU has escalated its regulations on Iranian trade.
Press releases
9 May 2012
FP Marine Risks has received approval for an investment into Shanghai-based HY Insurance Brokers. Both companies are specialist marine insurance brokers.
26 March 2012
Since 2007, FP Marine Risks has been offsetting carbon emissions that are generated through the company’s air travel. This year, we have chosen the Gobi Gansu Wind Power project in China.
Opinions
26 March 2009
26 November 2008