The Expert workshop on developing guidelines for inspection and valuation of small-scale fishing vessels, was held at FAO headquarters in Rome on 24–26 September 2024. Thirty-two fisheries insurance experts, maritime safety inspectors, naval architects, fisheries associations and fisheries experts, as well as representatives of the Africa Rural and Agricultural Credit Association (AFRACA), the Asia-Pacific Rural and Agricultural Credit Association (APRACA), International Maritime Organization (IMO) and the CAFI-SSF Network participated in the workshop.
The workshop was organized by FAO to address some of the key barriers in the supply of insurance services to small-scale fishers worldwide, such as the limited knowledge of fishing vessels and fishing operations among insurers, gap in safety inspections of small fishing vessels, and the perceived low profitability, high transaction costs, and cumbersome administrative processes associated with small fishing vessel insurance services.
The workshop aimed to develop tools to facilitate the supply of insurance services for the millions of small fishing vessels of less than 12 meters in length that operate in developing countries.
AFRACA also acknowledges the active participation of Mr. Maregesi Shaban, of CRDB Plc and Prof. Esther Ishengoma, University of Dar-es-salaam both of whom are working closely in developing appropriate financial products under the FISH4ACP project in Tanzania.
The Report of the FAO Expert workshop on developing guidelines for inspection and valuation of small-scale fishing vessels. Rome, 24–26 September 2024, has been published and can be downloaded under the following link: https://doi.org/10.4060/cd3863en
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