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Port Of Convenience
Flag of convenience (FOC) is 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 ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberian Flag On Mol Pride
Liberian may refer to: * Something of, from, or related to Liberia, a country on the west coast of Africa * A person from Liberia, or of Liberian descent, see Demographics of Liberia **Americo-Liberians * Liberian culture * Liberian cuisine * Liberian English See also * *List of Liberians *Languages of Liberia {{disambiguation Language and nationality disambiguation pages ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marshall Islands
The Marshall Islands ( mh, Ṃajeḷ), officially the Republic of the Marshall Islands ( mh, Aolepān Aorōkin Ṃajeḷ),'' () is an independent island country and microstate near the Equator in the Pacific Ocean, slightly west of the International Date Line. Geographically, the country is part of the larger island group of Micronesia. The country's population of 58,413 people (at the 2018 World Bank Census) is spread out over five islands and 29 coral atolls, comprising 1,156 individual islands and islets. The capital and largest city is Majuro. It has the largest portion of its territory composed of water of any sovereign state, at 97.87%. The islands share maritime boundaries with Wake Island to the north, Kiribati to the southeast, Nauru to the south, and Federated States of Micronesia to the west. About 52.3% of Marshall Islanders (27,797 at the 2011 Census) live on Majuro. In 2016, 73.3% of the population were defined as being "urban". The UN also indicates a population d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SeaLand
SeaLand, a division of the Maersk Group, is an American intra-regional container shipping company headquartered in Miramar, Florida with representation in 29 countries across the Americas. The company offers ocean and intermodal services using container ships, trucks, and rail serving customers between North and South America, Central America, and the Caribbean. History The original SeaLand was founded by Malcom McLean, an American trucking entrepreneur who revolutionized the shipping industry by packing goods in uniform containers (containerization) which could be transported quickly and seamlessly between different modes of transportation. This process offered companies significant time and cost savings that facilitated distribution and expanded international trade. On April 26, 1956, McLean introduced the world's first container ship, , which sailed from Newark, New Jersey to Houston, Texas with 58 aluminum trailers (containers) on its deck. In April 1960, the company name ... [...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 by means that are within the law. 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 corporations and businesses that take part in the practice experience a backlash from their active customers or online. 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 p ... [...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 rules, norms, and standards generally recognized as binding between states. It establishes normative guidelines and a common conceptual framework for states across a broad range of domains, including war, diplomacy, economic relations, and human rights. Scholars distinguish between international legal institutions on the basis of their obligations (the extent to which states are bound to the rules), precision (the extent to which the rules are unambiguous), and delegation (the extent to which third parties have authority to interpret, apply and make rules). The sources of international law include international custom (general state practice accepted as law), treaties, and general principles of law recognized by most national legal systems. Although international law may also be reflected in international comity—the practices adopted by states to maintain good relations and mutua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Shipping
Freight transport, also referred as ''Freight Forwarding'', is the physical process of transporting commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea but in American English, it has been extended to refer to transport by land or air (International English: "carriage") as well. "Logistics", a term borrowed from the military environment, is also used in the same sense. Modes of shipment In 2015, 108 trillion tonne-kilometers were transported worldwide (anticipated to grow by 3.4% per year until 2050 (128 Trillion in 2020)): 70% by sea, 18% by road, 9% by rail, 2% by inland waterways and less than 0.25% by air. Grounds Land or "ground" shipping can be made by train or by truck (British English: lorry). In air and sea shipments, ground transport is required to take the cargo from its place of origin to the airport or seaport and then to its destination because it is not always possible to establish a production facility nea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bermuda
) , anthem = "God Save the King" , song_type = National song , song = " Hail to Bermuda" , image_map = , map_caption = , image_map2 = , mapsize2 = , map_caption2 = , subdivision_type = Sovereign state , subdivision_name = , established_title2 = English settlement , established_date2 = 1609 (officially becoming part of the Colony of Virginia in 1612) , official_languages = English , demonym = Bermudian , capital = Hamilton , coordinates = , largest_city = Hamilton , ethnic_groups = , ethnic_groups_year = 2016 , government_type = Parliamentary dependency under a constitutional monarchy , leader_title1 = Monarch , leader_name1 = Charles III , leader_title2 = Governor , leader_name2 = Rena Lalgie , leader_title3 = Premier , leader_name3 = Edward David Burt , legislature = Parliament , upper_house = Senate , lower_house = House of Assembly , area_km2 = 53.2 , area_sq_mi = 20.54 , area_rank = , percent_water = 27 , elevation_max_m = 79 , ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cunard Line
Cunard () is a British shipping and cruise line based at Carnival House at Southampton, England, operated by Carnival UK and owned by Carnival Corporation & plc. Since 2011, Cunard and its three 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 1902, White Star joined the Ame ... [...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 ''Beaverford'', which were joined in 1947-50 by the refitted ''Empress of Canada'' (ex-''Duchess of Richmond''), ''Empress of France'' ... [...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 24 ships. They have one additional new build on order and a further two ships will join the fleet in 2023 and 2024, following a new joint venture deal between Carnival and Costa. Company structure Carnival is one of ten cruise lines owned by the world's largest cruise ship operator, the American-British Carnival Corporation & plc. In 2021, Carnival Cruise Line was estimated to hold a 7.6% share of cruise industry revenue and 18.2% of passengers. It has 24 vessels and is the largest fleet in the Carnival group. The ships fly Flag ... [...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 (ship), 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 Tonn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
