USD1675 (2011); USD1709 (Jan 2012); USD1752 (2013); USD1805 (2014)
Submitted by Helmsman on Sat, 11/26/2011 - 13:58
25 November 2011
ITF sets AB benchmark for next three years
received via email
The ITF has set the benchmark rate – which lays out the monthly payment
for an AB on a vessel covered by an ITF TCC (total crew cost) agreement –
for the next three years.
Currently USD1675 per month, the benchmark will increase 2% from 1st
January 2012 to USD1709; then the following year by 2.5% to USD1752, then
rise by 3% to USD1805 in 2014.
The decision was made by the ITF’s fair practices steering group.
ITF maritime coordinator Steve Cotton commented: “We feel that there is
now enough economic progress in the industry to justify an increase. The
benchmark applies not just to those under TCC agreements, but also stands
as an example that is widely taken notice of throughout shipping, so we
are glad to set out this progressive improvement in what seafarers earn.”
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