The ISPS code gap requirements costs and related financing by the implementation in Saudi Ports

Abstract

Without transport, there is no economic development, and the more efficient the transport, the better development proceeds. Especially since more than 90 per cent of world trade annually is transported by sea with the possibility of increasing the percentage mentioned annually which led to the trend towards increasing the size of ships (especially in container trade) due to the impact of the ever-increasing globalization, so there are requirements to secure the port facilities Satisfactory While these facilities must be properly secured, so-called logistical challenges arising from the accelerated shipping traffic around the world have also emerged. This has resulted in the development of service levels for ships operating on international flights. Therefore, multiple port ports should include full implementation of ISPS requirements. Contracting Governments decide to what extent the Code can be applied to port facilities within their territory, which are sometimes binding and required to serve ships involved in international transport. The immediate challenge for the port community is how to finance the costs of implementing ISPS, and ways to integrate and adjust them according to pricing and marketing strategies while maintaining market shares and achieving reasonable profit margins. The long-term challenge involves adjusting relationships with suppliers and customers to ensure flexible and competitive supply chains, capable of overcoming risk threats while continuing to deliver value to customers and users.