The flag state has the authority and responsibility to enforce regulations over vessels registered under its flag, including those relating to inspection, certification, and issuance of safety and pollution prevention documents. As a ship operates under the laws of its flag state, these laws are used if the ship is involved in an admiralty case.
The term "flag of convenience" describes the business practice of registering a merchant ship in a sovereign state different from that of the ship's owners, and flying that state's civil ensign on the ship. Ships are registered under flags of convenience to reduce operating costs or avoid the regulations of the owner's country. Since the 1921 Flag Right Declaration, it has been recognised that all states—including land-locked countries—have a right to be a flag state.
Panama is currently the world's largest flag state, with almost a quarter of the world's ocean-going tonnage registered there.
The International Maritime Organization says there should be “genuine link” between a ship and its registering country, but the rule is rarely enforced.As a result, countries with low tax rates, like Vanuatu – which doesn’t have company, capital gains or income tax – have become attractive places for ship registration.
The ship that lurks beneath Skaneateles Lake... From the pier, it’s hard to make out the full shape of the ship ... Watch the video above to get a glimpse of what the ship once looked like, and detailed aerial and underwater images of what remains. For more about the ship itself, read reporter Johnathan Croyle’s piece on its history.
PORTLAND, Maine (AP) — A coalition of environmental groups is calling on the federal government to enact emergency rules to protect a vanishing species of whale from lethal collisions with large ships ...Ship collisions are among the most dire threats to the survival of the whale, according to NOAA ... Register today!.
Before setting sail with the cruise ship last summer, the pair had previously sailed on 31 cruises with Princess, amounting to 1,173 days at sea ...Sandy FentonHeart attack aboard Carnival cruise raises questions about ‘deaths on the high seas’ lawCoast Guard ends search for teen who went overboard cruise ship.
Costco – one of the biggest retailers in the US – is taking the shopping experience for customers to the next level ... The product is non-refundable and is shipped to customers via UPS. According to the product descriptions, the bars are brand new and come registered with certificates of authenticity and proof of lab analysis ... Price of gold rising.
PANAMACITY (AP) — The Panama Canal announced Saturday it will reduce the maximum number of ships travelling the waterway to 31 per day, from 32 in August, due to a drought that has reduced the supply of fresh water needed to operate the locks ... Nine ships per day ... Register today!.
Follow Us. Mahindra & Mahindra Ltd ...Cars + Vans0246-100% ... The overall YoY growth in the company’s passenger vehicle lineup for the month of September was registered at 20% ... Mahindra registered an overall monthly sales of 42,260 vehicles which included passenger vehicles shipped to overseas markets ... We also registered an overall growth of 17% ... .
But what started in the jungles of Colombia and on the streets of the USA has spread, and today's Narcos are more likely to make their fortunes shipping white gold across the Atlantic into Europe...Ireland's elite Army Ranger Wing stormed the Panamanian-registered ship off the south-east coast of Ireland after the vessel refused orders to stop.