Type: Standard Rule Change Process
Submitter: IMO
Title: Loss Factor Determination
Market Rules Affected: Clauses 2.27.1, 2.27.1A, 2.27.2, 2.27.2A, 2.27.3, 2.27.3A, 2.27.3B, 2.27.4, 2.27.5, 2.27.6, 2.27.7(new), 2.27.8(new), 2.27.9(new), 2.27.10(new), 2.27.11(new), 2.27.12(new), 2.27.13(new), 2.27.14(new), 2.27.15(new), 2.27.16(new), 2.27.17(new), 9.3.4A and the Glossary
Date Submitted: 20 November 2012
Current Status: The Amending Rules are due to commenced on 20 May 2013
| Event | Date | Comments |
|---|---|---|
| Notification Published | 20/11/2012 | |
| First Submission Period | 21/11/2012 - 25/01/2013 | The submission period has been extended to 45 B-Days from the date the IMO published the Rule Change Notice in accordance with the Rule Change Notice published on 20 November 2012. |
| Draft Report Published | 15/03/2013 | The timeframe for preparing the Draft Rule Change Report was extended in accordance with the Extension Notice published on 25 February 2013. |
| Second Submission Period | 18/03/2013 - 16/04/2013 | The submission period is at least 20 B-Days from the date the IMO publishes the Draft Rule Change Report. |
| Final Report Published | 15/05/2013 | Must be published within 20 B-Days after the end of the second submission period. |
| Commencement | 20/05/2013 |
Submissions received during the first submission period
Invitation for submissions on changes to civil penalty provisions
On 18 April 2013, at the request of the Public Utilities Office (PUO), the IMO sought the views of interested parties on whether all of, or which of, the clauses contained within section 2.27 (as proposed to be amended by RC_2012_07) should be subject to category A civil penalties. The IMO received three submissions during the informal consultation period which closed on 1 May 2013.
Invitation for further submissions on changes to civil penalty provisions
On 27 February 2014, the IMO sought the views of interested parties as to which, if any, of clauses 2.27.1, 2.27.6, 2.27.10, 2.27.12, 2.27.13, 2.27.14, 2.27.15(e) and 2.27.15(g) should be subject to Category A civil penalty provisions. The IMO received one submission during the informal consultation period which closed on 28 March 2014.
