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International Association Of Classification Societies

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Chapter Summary

The International Association of Classification Societies (IACS), headquartered in London, is made up of ten classification societies such as Lloyds Register (LR), American Bureau of Shipping (ABS), Bureau Veritas (BV), China Classification Society (CCS), Det Norske Veritas (DNV), Germanischer Lloyd (GL), Korean Register (KR), Nippon Kaiji Kyokai (NK), Registro Italiano Navale (RINA), and the Russian Maritime Register of Shipping (RS), as well as the Indian Register of Shipping (IRS) as an associate member. The Council is the main governing body of the IACS and it meets annually to elect a Chairman and a Vice-Chairman for a one-year term, which rotates among IACS Members. The IACS is financed through membership fees and sale of publications. IACS plays a major role in transnational economic governance through its relationship with member classification societies to promote safety at sea.

Keywords: American Bureau of Shipping (ABS); International Association of Classification Societies (IACS); transnational economic governance



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