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Foreign Flag
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 marin ... [...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] |
