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STM project concluded

The industry stakeholder group taking over responsibility for parts of the STM project under a new common governance initiative The industry stakeholder group taking over responsibility for parts of the STM project under a new common governance initiative Cajsa Jersler Fransson

The  three-year, €20 million STM Validation Project has concluded with a final conference held at the International Maritime Organization in London, where representatives of nine industry stakeholders expressed their intention to take future responsibility for the digital Maritime Service Infrastructure developed by the project.

{mprestriction ids="1,2"}This group will now be responsible for the technical governance of the underlying digital infrastructure, transitioning from being project-driven to move towards creating a long-term operational system.

BIMCO also announced at the conference that its own Documentary Committee has now adopted a specific STM-clause based on the work carried out by the project, available for incorporation into BIMCO standard contracts and developed to facilitate just-in-time port calls in commercial agreements.

The Sea Traffic Management Clause for Voyage Charter Parties enables a contractual arrangement based on implementation of STM to be agreed, and provides a framework for charterers and shipowners to split the benefits derived from faster turnarounds with better synchronisation of port calls.

Professor Kurt Bodewig, the EU coordinator for the Motorways of the Seas initiative, hailed Sea Traffic Management as “a pillar in the European maritime strategy”, highlighting how such projects can improve short sea shipping and facilitate connections with land-based corridors.

Multi-modal integration, underpinned by information sharing services connected to ports, will also form a key element of future development in this area, he said.{/mprestriction}

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