EU unveils IACS antitrust proposals

Brussels: The results of the 18-month investigation by EU competition officials into the International Association of Classification Societies and proposed changes to the way IACS operates have been published by the European Commission, writes Anderimar Shipping News.

In the current form of the agreement between the two bodies, IACS has offered to set up “objective and transparent membership criteria and to apply them in a uniform and non-discriminatory manner”. The proposed commitments foresee detailed rules, including clear deadlines, for the different steps of the membership application, suspension and withdrawal procedure.With regard to IACS’ technical working groups, which develop IACS’ technical resolutions, IACS has committed itself to ensure that classification societies which are not members of IACS will nonetheless be able to participate.

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