As a result of this requirement, in 1960 the Inter-governmental Maritime Consultative Organization, known as IMCO for short, categorized the most important dangerous chemical substances in the International Maritime Dangerous Goods – Code, or IMDG-C for short, which classified dangerous substances according to ...

What is ship hazardous cargo?

Dangerous goods (also referred to as Hazardous Cargo) means the substances, materials and articles that are covered by the IMDG Code and is cargo that is considered to be hazardous because of its flammable, corrosive, poisonous nature or other properties..

What is IMO fee?

The new restrictions, known informally as IMO 2020, reduce the allowable percentage of sulfur in fuel from 3.5% to 0.5%. Compliance will result in an additional $25 billion to $30 billion in fuel costs for container liners from 2020 through 2023, according to a BCG analysis.