On 23 September, BIMCO established its fifteenth anti-drug smuggling agreement when the latest Memorandum of Understanding (MOU) was signed in Nicosia between BIMCO and the Cypriot Department of Customs & Excise. With the increasing frequency in the movement of illicit drugs to North America and Europe, combined with the increased attention given to maritime security since the tragic events of 9/11, the importance of such agreements with customs authorities becomes ever more essential for shipowners and customs administrations alike. "These agreements represent a commitment from both sides to cooperate in the battle against drug smugglers" said Ove Tvedt, Deputy Secretary General of BIMCO.