Calculations based on updated figures up to 1 March 2011

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1 SWJMC/2011/2 Joint Maritime Commission Subcommittee on Wages of Seafarers Seafarer s Wages and Hours of Work and the Manning of Ships Recommendation, 1996 (Nr. 187): The updating of the basic Wage of able seafarers April 2011 See Tables 1 and 2 attached. Calculations based on updated figures up to 2011 Table 1 shows the list of countries which are major maritime countries. Column 1 shows the changes that took place in consumer prices between and 2011, the period used for adjustment, Columns 2 and 3 present the average exchange rates as at and 2011, and column 4 shows the purchasing power equivalent on 2011 of 545 US dollars on in the 53 selected countries and areas. Table 2 contains the resulting data from column 4 of Table 1 arranged in ascending order of magnitude. The median is then calculated using weights equal to one for countries and areas with less than 10,000 seafarers, and two for countries and areas with 10,000 or more seafarers, as required by the 1991 resolution. The median is 43.5 (cumulated weight) corresponding approximately to the values between Romania (US$ ) and Pakistan (US$ )

2 Table 1. Changes in the purchasing power of the United States dollar in selected countries and areas, to 2011 Country or area Currency Consumer Price Index 2011 on base 1 March =100 Exchange rate: (3 months average) 2011 Number of 2011 US$ purchasin g power as US$ 545 in [1] [2] [3] [4] Antigua and Barbuda E. Caribbean dollar Bahamas Bahamian dollar Belgium Euro Bermuda US dollar Brazil Brazilian real Bulgaria Leva Cambodia Riel Canada Canadian dollar Cayman Islands Pound sterling Chile Chilean peso China Chinese yuan Croatia Kuna Cyprus Euro Denmark Danish krone Egypt Egyptian pound France Euro Germany Euro Gibraltar Pound sterling Greece Euro Honduras Honduran lempira Hong Kong, China Hong Kong dollar India Indian rupee Indonesia Indonesian rupiah Isle of Man Pound sterling Italy Euro Japan Japanese yen Korea, Republic of Korean won Kuwait Kuwaiti dinar Liberia Liberian dollar Malaysia Malaysian ringgit Malta Euro Marshall Islands US dollar Myanmar Myanmar kyat Netherlands Euro Norway Norwegian krone Pakistan Pakistan rupee Panama Panamanian balboa Philippines Philippine peso Poland Polish zloty Romania Romanian leu Russian Federation Russian rouble

3 Country or area Currency Consumer Price Index 2011 on base 1 March =100 Exchange rate: (3 months average) 2011 Number of 2011 US$ purchasin g power as US$ 545 in [1] [2] [3] [4] Singapore Singapore dollar Sri Lanka Sri Lanka rupee St. Vincent and the Grenadines E. Caribbean Dollar Sweden Swedish krona Taiwan, China Taiwan dollar Thailand Thai baht Turkey Turkish lira Ukraine Hryvna United Kingdom Pound sterling United States US dollar Vanuatu Vatu Vietnam Dong Notes: (1) exchange rate - Central Bank of China, R.O.C, Taiwan: Foreign Exchange Statistics (2) Price index data for Antigua and Barbuda and Cayman Islands relate to March and December 2010; data for Gibraltar relate to January and January 2011.

4 Table 2. Countries and areas arranged in ascending order of purchasing power, with corresponding weights Country or area Number of 1 March 2011 US$ purchasing power as US$ 545 on 1 March Weights Cumulative weights Cayman Islands Korea, Republic of Gibraltar United Kingdom Liberia Isle of Man Antigua and Barbuda United States Bahamas Hong Kong, China Bermuda Taiwan, China St. Vincent and the Grenadines Marshall Islands France Germany Netherlands Cyprus Panama Turkey Canada Italy Ukraine Denmark Belgium Malta Poland Croatia Romania Pakistan Chile Sweden Norway Greece Vietnam Kuwait Honduras Malaysia Japan China Indonesia

5 Country or area Number of 1 March 2011 US$ purchasing power as US$ 545 on 1 March Weights Cumulative weights Vanuatu Cambodia Philippines Singapore Bulgaria Thailand India Russian Federation Sri Lanka Brazil Egypt Myanmar Median= 43.5

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