Shorepays

Shorepays are a type of payment system used in the maritime industry, particularly in the context of seafarers' wages. The term "shorepay" refers to the payment of wages to seafarers by the shipowner or their agent, rather than by the ship itself. This system is prevalent in the global shipping industry, where seafarers often work on ships that are registered in foreign countries.

Shorepays are typically paid into a seafarer's bank account on shore, hence the name. This method of payment is favored by shipowners because it allows them to manage their labor costs more efficiently and can help to reduce the risk of piracy and other maritime crimes. Shorepays are also beneficial for seafarers, as they provide a more predictable and secure income compared to other payment methods.

The implementation of shorepays can vary depending on the country and the specific terms of the seafarer's contract. In some cases, shorepays may be paid directly to the seafarer, while in other cases, they may be paid to a third-party agent who then distributes the funds to the seafarer. The payment frequency and timing can also vary, with some contracts specifying monthly payments, while others may specify payments at the end of each voyage.

Shorepays are regulated by international conventions and national laws, which aim to ensure that seafarers receive fair and timely payment for their work. These regulations often include provisions for dispute resolution and recourse for seafarers who are not paid or who are paid incorrectly. The International Labour Organization (ILO) and the International Maritime Organization (IMO) are among the key organizations that oversee the regulation of shorepays in the maritime industry.