This was one of the dimensions of the conversation at the IMO and one of the reasons we landed on 300 gross tonnage as a threshold. Generally speaking, larger commercial vessels are typically part of what are called protection indemnity associations, or P and I clubs. These are basically associations of owners that pool together their third party risk and therefore help each other out.
Right now, P and I clubs account for about 90% of global tonnage. When we consider the number of states that are party to this convention, which is 41, their ships account for about 75% of global tonnage at this stage. The market exists, it's being taken up, and with just 41 countries, it's already up to 75% or thereabouts.