In jurisdictions with limited ship recycling regulations, ship recycling practices can have negative consequences, resulting in environmental damage, occupational health and safety risks, as well as harm to the health of local communities.
Shipping is a global business and a uniform practice in terms of ship recycling is essential to level the playing field and reduce the financial incentives to undertake practices that endanger people and the environment.
Although Gard welcomes the EU Ship Recycling Regulation, we believe that the best way to ensure a uniform approach to ship recycling is through international conventions. Gard therefore supports the Basel and Hong Kong Convention and their underlying principles to manage the environmental and social impacts of ship recycling.
In the absence of an effective global regulation to ensure a consistent approach to sustainable ship recycling, we further support the Ship Recycling Transparency Initiative. Their mission is to accelerate a voluntary market driven approach to responsible ship recycling practices through transparency which will inform decision-making and create fair competition across the shipping industry.
Gard recommends that our Members and clients take the following actions to reduce potential negative environmental and societal impact:
 on the Control of the Transboundary Movements of Hazardous Wastes and their Disposal:
 the Hong Kong International Convention for the Safe and Environmentally sound Recycling of Ships http://www.basel.int/Portals/4/Basel%20Convention/docs/ships/HongKongConvention.pdf
 Separate last-voyage insurance is defined as insurance taken out separate from the ordinary P&I/H&M insurance.