The Cape Town Agreement

The Cape Town on International Interests in Mobile Equipment Convention or Cape Town Treaty is an international contract designed to standardize transactions in movable property. The contract sets international standards for the registration of sales contracts (including dedicated registrars), warranty rights (pledges), leases and conditional sales agreements, as well as various remedies against payment defaults under financing agreements, including the withdrawal and impact of certain states` bankruptcy laws. Thirteen countries have ratified the agreement to date: Belgium, Congo, the Cook Islands, Denmark, France, Germany, Iceland, the Netherlands, Norway, St. Kitts and Nevis, Sao Tome and Principe, South Africa and Spain. Two of them, Cook Islands and Sao Tome and Principe, deposited their official ratification letters at the Torremolinos conference. The Cape Town agreement joins a handful of other international fisheries agreements that have gained ground in recent years. In 1977, delegates adopted the first international treaty on the safety of fishing vessels in Torremolinos, with the adoption of a follow-up protocol in 1993. This agreement has not entered into force. IMO Secretary-General Kitack Lim said that more than 40 years later, the world has returned to Torremolinos to work on the implementation of the agreement. Lim welcomed the „broader consensus of the 2019 conference on the urgency of the entry into force of the Cape Town Agreement“ and stressed that it would be „a significant contribution to the long-term sustainability of the fishing industry“. He called for the agreement to enter into force as soon as possible. The representatives returned to Torremolinos more than 40 years after the adoption of the first global treaty on the safety of fishing vessels in Torremolinos in 1977. This agreement has not entered into force, nor has a 1993 follow-up protocol.

The 2012 Cape Town Agreement addressed technical issues that prevented the treaty from entering into force. Lim called on countries to adopt the agreement to improve maritime safety and help prevent illegal fishing. Today, observers say that it is now the dynamic that wins behind the agreement. „When it comes to building ships, these are not very expensive or painful requirements. You really shouldn`t send a ship out to sea if it`s not stable. They should never go to sea without life-saving equipment, firefighter equipment, navigation equipment or a radio,“ Horn told SeafoodSource. „Most countries don`t need help with this part of the ship`s construction…

Dieser Beitrag wurde unter Allgemein veröffentlicht. Setze ein Lesezeichen auf den Permalink.