It was made mandatory under SOLAS chapter IX from 1 July 1998 (IMO). It applies to passenger ships and to ships of 500 gross tonnage and above on international voyages, which includes many large commercial yachts. Smaller commercial yachts often follow a lighter safety management requirement set by their flag's yacht code.
In practice, the ISM Code means written procedures, defined responsibilities, a Designated Person Ashore, drills, reporting of accidents and non-conformities, and regular internal and external audits.
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