The MoU acknowledges the importance of safety, security and environmental protection in the international shipping industry, and is intended to formalise and acknowledge the mutual benefits of a close relationship between Australia and the Republic of Korea on maritime matters.
The MoU includes the development of a five-year Work Program; provision for an annual bilateral meeting, which will include discussions on port State control and flag State control issues; sharing of technical expertise through mutually beneficial activities such as workshops, seminars, informal networking and conferences; and discussions on areas of mutual interest in international forums such as the IMO and the International Association of Marine Aids to Navigation and Lighthouse Authorities (IALA); and cooperation on other issues where information exchange would benefit both AMSA and MOF.
