Regulatory Framework
Regulatory framework refers to the set of rules, regulations, and guidelines that govern the maritime industry. It includes international conventions, national laws, and industry standards that are designed to ensure safety, security, and environmental protection in the maritime sector. The regulatory framework covers a wide range of areas, including ship design and construction, crew training and certification, navigation and communication equipment, pollution prevention, and port state control. Compliance with the regulatory framework is mandatory for all stakeholders in the maritime industry, including ship owners, operators, managers, and seafarers. Failure to comply with the regulatory framework can result in penalties, fines, and even criminal prosecution.
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News Source: CBS News on 2025-06-17
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News Source: ABC News on 2025-06-17
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News Source: CNN on 2025-06-17