MARINE insurers UK P&I Club joined the Maritime Anti-Corruption Network (MACN), a global business network which aims to free the maritime industry of corruption.
Established in 2011, the MACN has grown to include over 140 companies worldwide in order to take collective action to tackle all forms of corruption, enabling fair trade to benefit society as a whole.
Frequent port calls in different countries, dealing with often underpaid and 'entrepreneurial' officials, create near-constant demands in some regions. "The large number of interactions with a wide variety of officials from customs, immigration, import-export licensing, product safety and standards, mean the opportunities for corruption are high" the club said in a statement.
Chief Executive, UK P&I Club, Andrew Taylor, says: "The aims of the MACN align with the UK P&I Club's ongoing commitment to the highest standards of ethical behaviour and corporate citizenship. The UK P&I Club recognises the importance of collective action to tackle bribery and corruption."
Cecilia Muller Torbrand, executive director, Maritime Anti-Corruption Network, says: "The UK P&I Club is a recognised leader in maritime insurance, and they bring expertise, experience, and vital networks to our collective effort in this vitally important part of the business. I'd like to thank Andrew and the team for joining us and for their commitment to fighting maritime corruption."
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