New ship means a ship:
- for which the building contract is placed on or after 31 December 2003; or
- in the absence of a building contract, the keel of which is laid or which is at a similar stage of construction on or after 30 June 2004; or
- the delivery of which is on or after 31 December 2006.
Source: IMO Resolution A.951(23), IMO Guidelines on Ship Recycling (resolution A.962(23)), 4 March 2004, International Maritime Organization. Regulatory guidance