CODE OF BUSINESS PRACTICE FOR MARINE ACCOUNTING AUTHORITIES

INTRODUCTION

The Code of Business Practice for Maritime Accounting Authorities was developed by CIRM, in response to an invitation by the International Telecommunication Union (ITU), based on a proposal by the Russian Federation. It aims to set new standards of conduct for Accounting Authorities and the service that they provide to the Maritime community in support of radio and satellite communications. Its objectives are:

  • To improve the service provided to ships and their owners and to strengthen their confidence in it.
  • To reduce financial risk by improving cash-flow through the system, particularly
  • Timescales for billing and payments.
  • Security of payment.
  • To combat fraud and to reduce bad debt.

The Code has now been signed by 32 Maritime Accounting Authorities from 22 countries, and is open for signature by all reputable maritime Accounting Authorities who meet the basic criteria for eligibility and support its objectives. It is not necessary for signatories to join CIRM.

STATUS

The MAA Code is internationally recognised. It was developed in response to an invitation by the International Telecommunication Union (ITU), and operates within the framework of ITU-R Recommendation D.90

ADMINISTRATION

The MAA Code is sponsored and supported by CIRM, which provides the Secretariat.

MEMBERSHIP

The Code is open to signature by any reputable Accounting Authority who meets the basic criteria for eligibility. It is not necessary to be a member of CIRM. The Code is operated on a non-profitmaking basis, and signatories pay an annual subscription to cover administrative costs.

 

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