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Flags Of Convenience
Flag of convenience (FOC) refers to a business practice whereby a ship's owners register a merchant ship in a ship register of a country other than that of the ship's owners, and the ship flies the civil ensign of that country, called the flag state.Bernaert, 2006, p. 104. The term is often used pejoratively, and although common, the practice is sometimes regarded as contentious. Each merchant ship is required by international law to be registered in a registry created by a country,ICFTU et al., 2002, p. 7. and a ship is subject to the laws of that country, which are used also if the ship is involved in a case under admiralty law. A ship's owners may elect to register a ship in a foreign country so as to avoid the regulations of the owners' country, which may, for example, have stricter safety standards. They may also select a jurisdiction to reduce operating costs, avoiding higher taxes in the owners' country and bypassing laws that protect the wages and working conditions of ... [...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 t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deadweight Tonnage
Deadweight tonnage (also known as deadweight; abbreviated to DWT, D.W.T., d.w.t., or dwt) or tons deadweight (DWT) is a measure of how much weight a ship can carry. It is the sum of the weights of cargo, fuel, fresh water Fresh water or freshwater is any naturally occurring liquid or frozen water containing low concentrations of dissolved salt (chemistry), salts and other total dissolved solids. The term excludes seawater and brackish water, but it does include ..., ballast water, provisions, passengers, and crew. DWT is often used to specify a ship's maximum permissible deadweight (i.e. when it is fully loaded so that its Plimsoll line is at water level), although it may also denote the actual DWT of a ship not loaded to capacity. Definition Deadweight tonnage is a measure of a vessel's weight carrying capacity, not including the empty weight of the ship. It is distinct from the displacement (weight of water displaced), which includes the ship's own weight, or the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Avoidance
Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable. A tax shelter is one type of tax avoidance, and tax havens are jurisdictions that facilitate reduced taxes. Tax avoidance should not be confused with tax evasion, which is illegal. Forms of tax avoidance that use legal tax laws in ways not necessarily intended by the government are often criticized in the court of public opinion and by journalists. Many businesses pay little or no tax, and some experience a backlash (sociology), backlash when their tax avoidance becomes known to the public. Conversely, benefiting from tax laws in ways that were intended by governments is sometimes referred to as tax planning. The World Bank's World Development Report 2019 on the future of work supports increased government efforts to curb tax avoidance as part of a new social contract focused on human capital investments and expanded social protection. "T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Law
International law, also known as public international law and the law of nations, is the set of Rule of law, rules, norms, Customary law, legal customs and standards that State (polity), states and other actors feel an obligation to, and generally do, obey in their mutual relations. In international relations, actors are simply the individuals and collective entities, such as states, International organization, international organizations, and non-state groups, which can make behavioral choices, whether lawful or unlawful. Rules are formal, typically written expectations that outline required behavior, while norms are informal, often unwritten guidelines about appropriate behavior that are shaped by custom and social practice. It establishes norms for states across a broad range of domains, including war and diplomacy, Trade, economic relations, and human rights. International law differs from state-based List of national legal systems, domestic legal systems in that it operates ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Maritime Organization
The International Maritime Organization (IMO; ; ) is a List of specialized agencies of the United Nations, specialized agency of the United Nations responsible for regulating maritime transport. The IMO was established following agreement at a UN conference held in Geneva in 1948 and the IMO came into existence ten years later, meeting for the first time on 17 March 1958. Headquartered in London, United Kingdom, the IMO, in 2024, has 176 Member States and three Associate Members. The IMO's primary purpose is to develop and maintain a comprehensive regulatory framework for shipping and its remit today includes maritime safety, environmental concerns, and Admiralty law, legal matters, among other issues. IMO is governed by an assembly of members which meets every two years. Its finance and organization is administered by a council of 40 members elected from the assembly. The work of IMO is conducted through five committees and these are supported by technical subcommittees. Other ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Maritime Day
The world is the totality of entities, the whole of reality, or everything that Existence, exists. The nature of the world has been conceptualized differently in different fields. Some conceptions see the world as unique, while others talk of a "plurality of worlds". Some treat the world as #Monism and pluralism, one simple object, while others analyze the world as a complex made up of parts. In #Scientific cosmology, scientific cosmology, the world or universe is commonly defined as "the totality of all space and time; all that is, has been, and will be". #Theories of modality, Theories of modality talk of possible worlds as complete and consistent ways how things could have been. #Phenomenology, Phenomenology, starting from the horizon of co-given objects present in the periphery of every experience, defines the world as the biggest horizon, or the "horizon of all horizons". In #Philosophy of mind, philosophy of mind, the world is contrasted with the mind as that which is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bermuda
Bermuda is a British Overseas Territories, British Overseas Territory in the Atlantic Ocean, North Atlantic Ocean. The closest land outside the territory is in the American state of North Carolina, about to the west-northwest. Bermuda is an archipelago consisting of List of islands of Bermuda, 181 islands, although the most significant islands are connected by bridges and appear to form one landmass. It has a land area of . Bermuda has a tropical climate, with warm winters and hot summers. Its climate also exhibits Oceanic climate, oceanic features similar to other coastal areas in the Northern Hemisphere with warm, moist air from the ocean ensuring relatively high humidity and stabilising temperatures. Bermuda is prone to severe weather from Westerlies#Interaction with tropical cyclones, recurving tropical cyclones; however, it receives some protection from a coral reef and its position north of the Main Development Region, which limits the direction and severity of approach ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cunard Line
The Cunard Line ( ) is a British shipping and an international cruise line based at Carnival House at Southampton, England, operated by Carnival UK and owned by Carnival Corporation & plc. Since 2011, Cunard and its four ships have been registered in Hamilton, Bermuda. In 1839, Samuel Cunard was awarded the first British transatlantic steamship mail contract, and the next year formed the British and North American Royal Mail Steam-Packet Company in Glasgow with shipowner Sir George Burns together with Robert Napier, the famous Scottish steamship engine designer and builder, to operate the line's four pioneer paddle steamers on the Liverpool–Halifax–Boston route. For most of the next 30 years, Cunard held the Blue Riband for the fastest Atlantic voyage. However, in the 1870s Cunard fell behind its rivals, the White Star Line and the Inman Line. To meet this competition, in 1879 the firm was reorganised as the Cunard Steamship Company Ltd, to raise capital. In 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RMS Empress Of Canada (1960)
RMS ''Empress of Canada'' was an ocean liner launched in 1960 and completed the following year by Vickers-Armstrongs of Walker, Newcastle upon Tyne, England for Canadian Pacific Steamships Ltd. This ship, the third CP vessel to be named ''Empress of Canada'', regularly traversed the transatlantic route between Liverpool and Canada for the next decade. Although Canadian Pacific Railways was incorporated in Canada, the Atlantic (and pre-war Pacific) liners were owned and operated by the British registered subsidiary Canadian Pacific Steamships Ltd. and were always British flagged and manned and therefore ''Empress of Canada'' was not the flagship of the Canadian Merchant Marine. Background Following the end of World War II Canadian Pacific Steamships in 1946 resumed providing a transatlantic service utilizing the cargo liners ''Beaverburn'' and , which were joined in 1947-50 by the refitted ''Empress of Canada'' (ex-''Duchess of Richmond''), (ex-''Duchess of Bedford''), and the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carnival Cruise Line
Carnival Cruise Line is an international cruise line with headquarters in Doral, Florida. The company is a subsidiary of Carnival Corporation & plc. Its logo is a funnel (ship), funnel shaped like a whale's tail, with a red, white, and blue color scheme. This trademark funnel design is built onto the line's ships. Carnival is ranked first on the list of largest cruise lines based on passengers carried annually. , Carnival Cruise Line operates a fleet of 29 ships with five new ships set to join between 2027 and 2033. History Carnival Cruise Line was founded in 1972 by Ted Arison. To finance the venture, Arison turned to his friend Meshulam Riklis, who owned Boston-based American International Travel Service (AITS). Arison and Riklis set up the new company as a subsidiary of AITS. AITS was to market and promote the new venture. In 1974, due to regulatory issues, Riklis sold AITS's interest in the company to Arison for $1, but subject to Arison taking over the substantial company d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
