8,300 ships and 150,000 seafarers are currently covered by IBF agreements. The IBF has a dispute resolution procedure to resolve issues, for example. B as regards compliance with or interpretation of agreements. The IBF is unique. It is the first and only truly global collective agreement. The industrial relationships established by ITF, IMEC and IMMAJ are currently unmatched. It is a legally binding agreement that sets out the wage and working conditions of seafarers on board flag ships of convenience in international trade. The IBF is a true emblem. It has helped all its parties to cooperate to reach a new agreement for seafarers, for maritime transport and for the benefit of the parties concerned. Here are some of the current features of the IBF agreement: since 2008, the IBF agreements have contained a financing element that originally bore the title of the fund „Developed Ecconomy Rating“ and was later renamed the SEP (Seafarers` Employment Promotion) fund during the 2009 ibf negotiations to include an expanded objective for the use of the fund.
Once the agreements are signed, PSU forwards them to POEA for authentication. PSU makes available to the Agency/owner two sets of poea authenticated agreements for its file and for the maritime file. The most important instrument of this partnership was the IBF – the International Negotiating Forum that brings together the ITF and international maritime employers who form the Joint Negotiation Group (JNG). In 1999, the ITF and IMEC began negotiations for the first time. Soon after, another group of ship owners, the International Mariners Management Association of Japan (IMMAJ), also entered into dialogue. The JNG was officially established in 2003 and has since expanded to the Korean Shipowners` Association (KSA) and Taiwanese company Evergreen. When the ITF meets to negotiate with the JNG, the resulting group is called the International Bargaining Forum (IBF). The IBF has objectives and internal regulations. The IBF negotiations are separate from discussions on the ITF framework and other ITF agreements.
Once the right to negotiate has been released and PSU has the right to sign the agreements, PSU, through an administrator, will prepare the agreements (according to the terms) for signature by the parties in Manila. The IBF Framework Agreement has three main elements: social, professional and financial aspects. The IBF Seafarers` Support Fund (formerly known as the Welfare Fund) was established exclusively to support the well-being of seafarers on board ships covered by the IBF agreements. The IBF Framework Agreement is negotiated every two years. Once the framework agreement is negotiated, ITF member unions enter into local negotiations with companies in their countries. . . .