The code dictates some major changes in the operation of Ports and Ships, which bring equipment and personnel needs. As a result the cost that a port has to bear in order to comply with ISPS is potentially big. Additionally the mandatory nature of the measure underlines the importance of these costs.
The anticipated privatization of the 12 biggest sea ports in Greece will have huge impacts on the organizational and economical functions of the Geek Port Authorities. Furthermore, these ports, in spite of being ISPS complied, they only fulfil the minimum security standards. Consequently, a potential full compliance will pose a big challenge. Motivated by these developments and recognising that organizational and cost planning techniques will be essential under the new port governance, we decided to undertake a research on the �Evaluation of the impact of ISPS Code on a Port Facility�.