This project examines the effectiveness of the Maritime Labour Convention’s financial security certificates (FSCs) in resolving claims for unpaid seafarers’ wages. This paper includes a brief review of the reasons why FSCs were chosen to be a solution for resolving seafarers’ wage claims. It also includes an exposition of how FSCs are issued as well as the coverage provided for under financial institutions such as the International Group P&I Clubs. More importantly, the paper will highlight a number of drawbacks associated with FSCs and explain how such problems do not alleviate the difficulties faced by abandoned seafarers. Finally, the paper will conclude with several solutions and recommendations for providing better welfare and timely assistance for abandoned seafarers.