What does ITF mean in business and finance?
Home Business & Finance Financial Planning. What Does "ITF" Mean in Banking? "ITF" in banking stands for "in trust for.". It means that the owner of the account is acting as the trustee of the funds, which transfer to the beneficiary of the account when the owner dies.
What does the ITF do for seafarers?
The ITF is working to improve conditions for seafarers of all nationalities and to ensure adequate regulation of the shipping industry to protect the interests and rights of the workers. The ITF helps crews regardless of their nationality or the flag of their ship. The ITF has opposed the system of Flags of Convenience (FOCs) for over 50 years.
What are the shipowner obligations under the ITF?
It states the shipowner obligations and it also states the legal right of ITF representatives to access and inspect the vessel for compliance with the agreement. Collective Bargaining Agreement(CBA) This is the document which details all the terms and conditions of the crew employed on the ship.
Who is in charge of the ITF?
The General Secretary who is in charge of the ITF Secretariat with its full-time staff. The Executive Board made up of 40 representatives from affiliates; this meets twice a year and is in overall charge of the ITF between Congresses. © 2021 International Transport Workers’ Federation.
See more
What is ITF ship?
The ITF represents transport workers' interests in international bodies which take decisions affecting jobs, employment conditions, or safety. Such bodies include the International Labour Organisation, the International Maritime Organisation, and the International Civil Aviation Organisation.
How do I ask for help from ITF?
Please contact us at [email protected]. Please note: The Science and Technical contact email is for tennis science and technology queries only, not for IT, website or IPIN queries.
What do seafarers do?
Seafarers are, inter alia, persons who have been employed by a shipowner to do ship service on board a ship at sea, i.e. work performed by persons taking part in the ship's operation and maintenance as well as the provisioning of those on board.
What is CBA Marine?
Collective Bargaining Agreement (CBA) This is the document which details all the terms and conditions of the crew employed on the ship. It specifies entitlements such as pay (in the form of a wage scale), working hours, etc.
How do I contact ITF for seafarers?
There are different ways to contact the ITF....Help formYou (name, rank, nationality)Your ship (name, flag, IMO number, ship type)Your location (current port, sail date, next port, ETA)Your problem (brief description)Your contact details (phone number, email address)
How do I report to ITF seafarers?
You can make a complaint on board to a senior officer, the captain or the shipowner, or the flag state. If the problem is with a shipowner, you can also raise this with the flag state or the port state.
What are the two types of seafarers?
For example, at its very broadest the maritime job sector can be divided into offshore jobs at sea and shore based maritime jobs in the shipping industry.
What is a seafarers salary?
An entry-level Ordinary Seaman with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of ₹300,000 based on 6 salaries. An early career Ordinary Seaman with 1-4 years of experience earns an average total compensation of ₹400,000 based on 13 salaries.
What is the lowest position on a ship?
Ordinary seaman The lowest ranking personnel in the deck department. An ordinary seaman (OS) generally helps out with work that able seamen do.
What is IBF shipping?
The International Bargaining Forum (IBF) is the forum that brings together the ITF and the international maritime employers that make up the Joint Negotiating Group (JNG)
What does CPA mean in Marine?
The Closest Point of Approach (CPA) is an estimated point at which the distance between the own ship and another object target will reach the minimum value. CPA is a valuable quantity in assessing ship safety with regards collision avoidance.
How long is a seaman contract?
12 monthsAs a general rule, the period of employment shall be for a period mutually agreed upon by the seafarer and the employer but not to exceed 12 months. The Maritime Labor Convention of 2006 (MLC2006) prescribes that the seafarer has the right to be repatriated within a contract period of less than 12 months.
How ITF Seafarers Trust can assist me?
The Trust makes grants to organisations and projects that provide services to seafarers and maritime workers, invest in long-term programmes that improve the health and wellbeing of seafarers and their families, and encourage positive change in the maritime community.
Who funds the ITF?
We are funded by the Trust's own capital funds, and by the investment income of the Welfare Fund at the International Transport Workers Federation, a global federation of transport workers' unions with over 20 million worker members.
What is an ITF inspector?
Many ITF Inspectors are former seafarers or dock workers. Their job is to inspect ships calling in their ports, to ensure the seafarers have decent pay, working conditions and living conditions, and to police ITF agreements on board to ensure compliance.
How do I complain about RPSL?
Action by the concerned RPSL company: Log in to the eGovernance System; Go to the link SMO-Other Activities ->Grievance Redressal -> View List; Click “Reply” link to submit reply.
What is a CBA contract?
This is the legally binding document that binds the employer to the relevant ITF approved Collective Bargaining Agreement (CBA). It states which CBA applies, it gives the details of the ship covered and it states the dates the agreement is valid from/to.
What is the most expensive ITF agreement?
It is the most costly agreement for the ship owner. Total Crew Cost (TCC) Agreement. The ITF TCC Agreement is the most common type of ITF Agreement.
What is CBA in shipbuilding?
The IBF Agreements (CBA) are only available to ship owners that are members of one of the ship owners’ associations that make up the Joint Negotiating Group (JNG) that sit alongside the ITF in the International Bargaining Forum (IBF).
What is the CBA on a ship?
Collective Bargaining Agreement (CBA) This is the document which details all the terms and conditions of the crew employed on the ship.
What is an ITF agreement?
ITF agreements. ITF agreements. ITF Agreements are only those that are approved by the ITF and only apply to ships flying a Flag of Convenience (FOC)*. ITF Agreements are signed by an ITF maritime affiliate union and shipping company, either the beneficial owner, the operator, manning agent, or the manager of the ship.
What is a signatory union?
The signatory union is normally from the country where the beneficial shipping company of the ship is based. Often, the union (s) of the crew’s home nation (s) also takes part in the negotiations. This is to ensure that the agreement considers any national laws and customs and so that the crew members are able to become members of their national union.
Does ITF sign agreements with shipowners?
Occasionally the ITF will sign an agreement directly with the shipowner. If you are covered by an ITF Agreement, but there is not an ITF affiliated union in your home country, the ITF will represent you in matters to the employer. An ITF Agreement comprises of the following: Special Agreement.
What does Impuesto a las Transacciones Financieras mean?
Impuesto a las Transacciones Financieras (Spanish: Tax to Finanacial Transactions)
Who is the president of the PTF?
The ITFteam headed by Richard Simon visited the PTF complex where they were briefed by PTF president Salim Saifullah about the arrangements and measures.
Acronyms & Abbreviations
Get instant explanation for any acronym or abbreviation that hits you anywhere on the web!
A Member Of The STANDS4 Network
Get instant explanation for any acronym or abbreviation that hits you anywhere on the web!
