MLC Financial Security
The MLC 2006 A2.5.2 + A4.2.1 mandatory insurance covering seafarer repatriation + wages during abandonment + shipowner liability for occupational injury/death.
Quick facts
- In force
- 2014 amendments effective 2017
In practice
Photograph the DMLC Part II on joining a ship — the insurer name + policy number is the critical first-call contact if abandonment or serious injury occurs.
Regulatory detail & full definition
MLC 2006 Standard A2.5.2 (2014 amendments in force 2017) requires every shipowner to maintain financial security for the repatriation, wages, and essential needs of seafarers in the event of abandonment. Standard A4.2.1 requires similar financial security for shipowner liability for personal injury + death. The insurer must be named on the DMLC Part II onboard. Typical providers are the 13 International Group P&I Clubs + specialist non-IG sureties. On abandonment, seafarers or their advocates call the insurer directly — the mechanism has substantially reduced (though not eliminated) hardship to abandoned crew.
Authoritative source: MLC 2006 ↗
Related
Source: MLC 2006 Standards A2.5.2 + A4.2.1
High confidence
Editorial confidence: how we grade.