The International Ship and Port Facility Security Code, a comprehensive set of measures to enhance the security of ships and port facilities developed in response to the perceived threats to ships and port facilities after the September 2001 attacks. The code is implemented through amendments to SOLAS.
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Flag StateThe country in which a vessel is registered and whose flag it flies.General AverageA principle of maritime law under which all parties to a sea venture proportionally share any losses resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency.ISM CodeThe International Safety Management Code, adopted by the IMO, which establishes an international standard for the safe management and operation of ships and for pollution prevention.Limitation of LiabilityA legal principle in maritime law that allows a shipowner to limit the amount of their financial liability for claims arising from maritime incidents.Maritime LienA privileged claim against a vessel arising from maritime services rendered to the ship or damage caused by the ship.MARPOLThe International Convention for the Prevention of Pollution from Ships, the main international convention covering prevention of pollution of the marine environment by ships from operational or accidental causes.
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