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The profitability for Israel Joining the HNS Treaty as Part of IMO

The organization commissioning the research is the Shipping and Ports Authority, Ministry of Transport. The purpose of the study is to examine the feasibility of Israel's joining the HNS (Hazardous Noxious Substances) Convention. The goal of the Convention is to compensate financially victims for the damage caused by spills of chemicals, gas, refined products and more, resulting from marine accidents of all types of ships, excluding radioactive materials and damage caused by crude oil, which is covered by another similar convention (IOPC).

The HNS Convention and the Malta Protocol of 2010 are supposed to be valid, after being ratified by at least 12 countries that import together cargo that is defined as dangerous by the international organization.

The first task is to create the required database to analyze the major elements and to analyze the amount and type of cargo that Israel imports, which is relevant to the convention. The next step will focus on identifying and mapping the key customers in the country, which should bear the financial burden of the Fund's activity.

At the same time, to estimate the potential environmental damage of the specific materials transported to and from Israel and map disasters that included spillage of materials into the sea and the damage involved, the research will be based on international publications, such as those of the Cedre Center in France and insurance companies.

The analysis of the economic profitability of joining the Convention should be based primarily on an assessment of the possible potential damage as compared to the costs imposed on the importers of dangerous materials in the country.