Funding the International Maritime Organisation: Who Pays?
Posted: Tue Feb 11, 2025 9:39 am
IMO’s Global Maritime Distress and Safety System is an integrated communications system. It was established in 1992. However, it became fully operational in 1999. It uses satellites and terrestrial radio communications to assist ships in distress, even when the the crew cannot send a manual distress signal.
The IMO secures financial support from various sources:
The Technical Cooperation (TC) Fund of the IMO. The resources of this fund are used to help countries build facilities to implement the global maritime standards set by the IMO.
Multi-donor Trust Funds (MDTFs) are established to encourage contributions based on specific issues. There are currently seven MDTFs in operation. They support different technical cooperation programmes designed to address these specific issues.
Bi-lateral arrangements with governments and organisations to provide financial and in-kind support for different programmes.
One-off cash donations and other arrangements.
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The IMO secures financial support from various sources:
The Technical Cooperation (TC) Fund of the IMO. The resources of this fund are used to help countries build facilities to implement the global maritime standards set by the IMO.
Multi-donor Trust Funds (MDTFs) are established to encourage contributions based on specific issues. There are currently seven MDTFs in operation. They support different technical cooperation programmes designed to address these specific issues.
Bi-lateral arrangements with governments and organisations to provide financial and in-kind support for different programmes.
One-off cash donations and other arrangements.
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ShiprocketX is an end-to-end cross-border shipping solution designed to help armenia phone number list businesses expand their global footprint. It makes international shipping easier and helps you grow your business by offering a comprehensive set of following features:
Multiple shipping methods with end-to-end visibility
Effortless customs clearance with transparent billing and tax compliance
Automated workflows to facilitate quick international deliveries
Real-time updates to keep your customers informed about every stage of the shipping
Insightful data and analytics on courier performance, shipping metrics, best-selling products, country-wise distribution, etc., to help you make data-backed decisions
A widespread courier network of more than 220 global regions to increase your reach and grow your customer base
Establish brand loyalty with a customisable branded tracking page
Dedicated account manager and cross-border experts to quickly resolve your queries
With ShiprocketX, you can grow your business globally at affordable shipping rates, check out our international shipping rate calculator for estimated shipping rates.