Opisuju se i analiziraju pravne značajke ISM kodeksa kao konvencijskih međunarodnih pravila o standardu za sigurno upravljanje i vođenje broda i sprječavanje onečišćenja morskog okoliša. Raščlanjuju se odredbe ISM kodeksa sa stajališta imovinskopravne odgovornosti brodovlasnika za štetu trećim osobama. Ukazuje se na pravni položaj \u27\u27imenovane osobe\u27\u27 prema ISM kodeksu. Ocjenjuju se pravni učinci primjene odredaba ISM kodeksa na ograničenje odgovornosti brodovlasnika u primjeni Međunarodne konvencije o ograničenju za pomorske tražbine iz 1976. godine. Zaključuje se da nepoštivanje odredbi ISM kodeksa, uz ispunjenje općih pretpostavki, može biti razlog za gubitak prava brodovlasnika na ograničenje odgovornosti. Na temelju analize pravnog položaja \u27\u27imenovane osobe\u27\u27 u svjetlu konvencijskih odredaba i dosadašnje sudske prakse, izvodi se zaključak da ta osoba statusno ne pripada višoj upravljačkoj strukturi neke tvrtke, te da isključivo kvalificirana krivnja te osobe ne dovodi do gubitka prava na ograničenje odgovornosti.The objectives of a safe management and operation of the ship as imposed by the ISM code being a part of the SOLAS convention are the criteria by which a court or arbitration will assess the responsibility of the shipowner in the implementation of the Code. The shipowner will establish his own regulation system and will be obliged to prove that it is being duly implemented. Any failure in this respect on is part can have an adverse effect upon limitation of liability, the rights from marine insurance contract and general average. The implementation of the ISM Code, combined with the required system of control and written reports, practically increases the possibility of the claimant to challenge the shipowner\u27s right to limitation of liability. Non compliance with the provisions of the ISM Code, alongside with meeting the general prerequisites for a loss of right to limitation (Limitation Convention 1976, article 4) can be taken as a reason for the shipowner\u27s loss of right to limitation of liability. When the shipowner is a legal entity (a company), he can lose the right to limitation of liability provided the damage has been caused with intent or by qualified negligence (as defined in the above mentioned article 4) of the management, its members or high-ranking officials, i.e. senior level executives. The actions and omissions of these persons will be regarded as if committed by the company itself, since they represent the company\u27s \u27\u27alter ego\u27\u27. Qualified negligence of the shipowner\u27s servants or agents regardless of its degree or extent, does not lead to the shipowner losing the right to limitation. The legal effect of the \u27\u27Designated person\u27s\u27\u27 negligence resulting in limitation of liability depends upon the person\u27s position in the hierarchy of the shipping company\u27s management board. According to the ISM Code that person does not belong to the senior level executive staff within the company thereby the qualified negligence of that person alone does not result in losing the right to limitation of liability. This is also valid in cases when the \u27\u27Designated person\u27\u27 has been appointed by the ship management
