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June 14, 2005

IACS sets date for Common Rules implementation

Classification societies that are members of IACS will implement common rules for tankers and bulk carriers from April 1 next year.

An agreement was reached in Paris yesterday by the CEO's of IACS member societies.

Among other things they agreed that the rules would become the property of each individual member society and that cost arrangements "were no longer an issue" between members.

Work on harmonizing the various societies' rules continues. Some of this work will be completed before the common rles are implemented, but "further harmonization work will be undertaken after adoption."

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