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Ship Registration In Hong Kong
The Hong Kong Shipping Register was set up in 1990 under the Hong Kong Merchant Shipping (Registration) Ordinance, administered by the Marine Department (Hong Kong). Since the transfer of sovereignty by the United Kingdom in 1997, Hong Kong is authorised under the Basic Law by the Government of the People’s Republic of China, using the name “Hong Kong, China” to maintain a separate ship registration system. In April 1999, the Hong Kong Government launched some new measures to improve the ship registration system in Hong Kong. By cooperation of government and shipping industry, the total tonnage of ship registry in Hong Kong has reached over 129 million gross tons with over 2,400 vessels registered in May 2020. The Hong Kong Ship Register is now the world’s fourth largest ship register, and the world’s largest national flag register. __TOC__ Ship registry fee The first time registration fee for a ship is determined according to its Gross Tonnage (GT). The annual t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marine Department (Hong Kong)
The Marine Department of the Hong Kong Government is responsible for maintaining safety and environmental protection of the harbour (Port of Hong Kong), ships registered/foreign ships in Hong Kong and monitor shipping traffic in Hong Kong Waters, search and rescue operations for large waters of the South China Sea. Its head office is in the Harbour Building in Central, Hong Kong. It also conducts investigations of marine accidents. The department is led by the Director of Marine, Agnes Wong, who reports to the Secretary for Transport and Housing. The Marine Department is also responsible for co-ordinating search and rescue operations in the waters around Hong Kong: * Hong Kong Maritime Rescue Co-ordination Centre - search and rescue * administer ship registration in Hong Kong * ensure compliance with international and marine laws * ensure compliance with environmental protection standards and combat pollution (namely oil spills) * provide and maintain government vessels ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
People’s Republic Of China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and borders fourteen countries by land, the most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third largest country by total land area. The country consists of 22 provinces, five autonomous regions, four municipalities, and two Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the most populous city and financial center is Shanghai. Modern Chinese trace their origins to a cradle of civilization in the fertile basin of the Yellow River in the North China Plain. The semi-legendary Xia dynasty in the 21st century BCE and the well-attested Shang and Zhou dynasties developed a bureaucratic political system to serve hereditary monarchies, or dynas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ship Registration
Ship registration is the process by which a ship is documented and given the nationality of the country to which the ship has been documented. The nationality allows a ship to travel internationally as it is proof of ownership of the vessel. International law requires that every ship be registered in a country, called its flag state.ICFTU et al., 2002, p. 7. A ship is subject to the law of its flag state. It is usual to say that the ship sails under the flag of the country of registration. A ship's flag state exercises regulatory control over the vessel and is required to inspect it regularly, certify the ship's equipment and crew, and issue safety and pollution prevention documents. The organization which actually registers the ship is known as its registry. Registries may be governmental or private agencies. In some cases, such as the United States' Alternative Compliance Program, the registry can assign a third party to administer inspections. A register that is open only to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shipping Industry
Maritime transport (or ocean transport) and hydraulic effluvial transport, or more generally waterborne transport, is the transport of people ( passengers) or goods (cargo) via waterways. Freight transport by sea has been widely used throughout recorded history. The advent of aviation has diminished the importance of sea travel for passengers, though it is still popular for short trips and pleasure cruises. Transport by water is cheaper than transport by air, despite fluctuating exchange rates and a fee placed on top of freighting charges for carrier companies known as the currency adjustment factor. Maritime transport accounts for roughly 80% of international trade, according to UNCTAD in 2020. Maritime transport can be realized over any distance by boat, ship, sailboat or barge, over oceans and lakes, through canals or along rivers. Shipping may be for commerce, recreation, or military purposes. While extensive inland shipping is less critical today, the major wate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Tons
Gross tonnage (GT, G.T. or gt) is a nonlinear measure of a ship's overall internal volume. Gross tonnage is different from gross register tonnage. Neither gross tonnage nor gross register tonnage should be confused with measures of mass or weight such as deadweight tonnage or displacement. Gross tonnage, along with net tonnage, was defined by the ''International Convention on Tonnage Measurement of Ships, 1969'', adopted by the International Maritime Organization (IMO) in 1969, and came into force on 18 July 1982. These two measurements replaced gross register tonnage (GRT) and net register tonnage (NRT). Gross tonnage is calculated based on "the moulded volume of all enclosed spaces of the ship" and is used to determine things such as a ship's manning regulations, safety rules, registration fees, and port dues, whereas the older gross register tonnage is a measure of the volume of only certain enclosed spaces. History The International Convention on Tonnage Measurement of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Tonnage
Gross tonnage (GT, G.T. or gt) is a nonlinear measure of a ship's overall internal volume. Gross tonnage is different from gross register tonnage. Neither gross tonnage nor gross register tonnage should be confused with measures of mass or weight such as deadweight tonnage or displacement. Gross tonnage, along with net tonnage, was defined by the ''International Convention on Tonnage Measurement of Ships, 1969'', adopted by the International Maritime Organization (IMO) in 1969, and came into force on 18 July 1982. These two measurements replaced gross register tonnage (GRT) and net register tonnage (NRT). Gross tonnage is calculated based on "the moulded volume of all enclosed spaces of the ship" and is used to determine things such as a ship's manning regulations, safety rules, registration fees, and port dues, whereas the older gross register tonnage is a measure of the volume of only certain enclosed spaces. History The International Convention on Tonnage Measurement o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Trade
International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (see: World economy) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, scramble for Africa, Atlantic slave trade, salt roads), its economic, social, and political importance has been on the rise in recent centuries. Carrying out trade at an international level is a complex process when compared to domestic trade. When trade takes place between two or more states factors like currency, government policies, economy, judicial system, laws, and markets influence trade. To ease and justify the process of trade between countries of different economic standing in the modern era, some international economic organizations were formed, such as the World Trade Org ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Profits Tax
In Hong Kong, profits tax is an income tax chargeable to business carried on in Hong Kong. Applying the International taxation#Taxation systems, territorial taxation concept, only profits sourced in Hong Kong are taxable in general. Capital gains are not taxable in Hong Kong, although it is always arguable whether an income is capital in nature. The persons chargeable to profits tax includes corporations, partnerships, trustees, and sole proprietors. Chargeable scope As a general rule, Hong Kong profits tax is levied on any persons who carries on a #Badges of Trade, trade, profession or business in Hong Kong and assessable profits arising in or derived from Hong Kong for a #Year of Assessment, year of assessment. The profits tax rate applied is 15% for individuals and 16.5% for corporations (''a.k.a. the standard rate'') on their net assessable profits for the year of assessment 2014/15. Source of profits To argue whether profits arising in or derived from Hong Kong, ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Double Taxation
Double taxation is the levying of tax by two or more jurisdictions on the same income (in the case of income taxes), asset (in the case of capital taxes), or financial transaction (in the case of sales taxes). Double liability may be mitigated in a number of ways, for example, a jurisdiction may: * exempt foreign-source income from tax, * exempt foreign-source income from tax if tax had been paid on it in another jurisdiction, or above some benchmark to exclude tax haven jurisdictions, or * fully tax the foreign-source income but give a credit for taxes paid on the income in the foreign jurisdiction. Jurisdictions may enter into tax treaties with other countries, which set out rules to avoid double taxation. These treaties often include arrangements for exchange of information to prevent tax evasion such as when a person claims tax exemption in one country on the basis of non-residence in that country, but then does not declare it as foreign income in the other country; or who cl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Shipping Register
The port of Hong Kong is a deep water port located in southern China. It is one of the hub ports serving the South-East and East Asia region, and is a gateway to mainland China. The city of Hong Kong began as a colony of the United Kingdom. It was a free port, and became an international trade center connecting land and sea transport between China and other countries. The port has mature infrastructure and well-developed air-sea-land transport. It helps Hong Kong maintain its position on international trade centre and transshipment hub. As part of the 1997 transfer of sovereignty of Hong Kong from Britain to China, the ship registration system has made some adjustments. In 1990, the Marine Department set up a separate system for the Hong Kong Shipping Register. The ordinance of Hong Kong Ship Registration was amended accordingly. Adjustments :1 Name of Shipping Registry ::By authorization of the Government of the People's Republic of China, the Hong Kong Shipping Register shou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
