Open Registry Shipping

A detailed statistical analysis of the cost structures of tankers and bulk carriers operating under open and traditional shipping registries, exploring their relationships with freight rates. The objective is to provide empirical evidence as to whether or not savings made by high-cost traditional operators by transferring to open registries are passed on to consumers by way of lower frieght rates. Annotation copyrighted by Book News, Inc., Portland, OR

The expanded and fully updated second edition include detailed coverage of additional flag states; an examination of the implications of the ISM and ISPS Codes and the requirements of the Large Yacht Code as they relate to ship registration; a new introductory chapter describing the legal and practical requirements of ship registration; and a fresh analysis of the status and usage of national and open registries in current practice.

This exhaustive book deals with the most important phenomenon in the evolution and development of international ship registration: organisation and management. Bareboat charters, a system of leasing in which a person takes over a vessel for a limited time in return for a payment to the shipowner, have become especially popular in the 1980s and 1990s. Yet only the odd article or pamphlet has emerged in this vital area; no comparable publication exists. The uncertainties in this area demand a practical resource. National legislation is not synchronised. The distinction between bareboat charters and flags of convenience remains unclear. These blurred lines and others can have dramatic results, leaving ship mortgages unprotected and threatening the vessel's hull policy. Bareboat Charter (Ship) Registration not only places the subject in the context of international law and trade relations, it also sets out the country-by-country practice of all nations offering bareboat charter registration service and examines the determination of the bareboat flag. Tables of cases, conventions, and legislation and an appendix of useful addresses add to the practicality of this book. It is therefore a comprehensive, easy-to-follow resource for academics - including maritime organisations and schools, economists, and researchers - as well as an invaluable guide for practitioners - such as maritime administrations, shipowners and managers, insurers and brokers, arbitrators, and classification societies.

All of these flag States have the right to sail ships flying their flag on the high seas (LOSC Article 90) ; and those ships enjo y the freedom of navigation upon the high seas (LOSC Article 87) . W ith this freedom comes a concomitant duty upon the flag State to effectively exercise its jurisdiction and control in administrative , technical , social (LOSC Article 94 (1)) and en vironmental protection (LOSC Article 217) matters over ships flying its flag. 1.2 Flag State Responsibility The absence of any authority over ships sailing the high seas would lead to chaos. One of the essential adjuncts to the principle of freedom of the seas is that a ship must fly the flag of a single State and that it is subject to the jurisdiction of that State. (Brown 1994 , p. 287) This opinion of the International Law Commission in 1956 on a draft article of the High Seas Convention (HSC) was a product of its time; a time of traditional maritime States and responsible long-established shipping companies operating for 3 the most part under the effective maritime administrations of their national flag .

Now in its second edition, Maritime Economics provides a valuable introduction to the organisation and workings of the global shipping industry. It is an excellent and up to date treatment of shipping as an economic activity.

This book provides a comprehensive introduction to the economics of the business of maritime transport. It provides an economic explanation of four aspects of maritime transport, namely, the demand, the supply, the market and the strategy. The book first explains why seaborne trade happens and what its development trends are; it then analyses the main features of shipping supply and how various shipping markets function; the book finally addresses the critical strategic issues of the shipping business. The full range of different types of shipping are covered throughout the chapters and cases. The book combines the basic principles of maritime transport with the modern shipping business and the latest technological developments, particularly in the area of digital disruption. The ideas and explanations are supported and evidenced by practical examples and more than 160 tables and figures. The questions posed by the book are similar to those that would be asked by the students in their learning process or the professionals in the business environment, with the answers concentrating on the reasons for what has happened and will happen in the future rather than merely fact-telling or any specific forecast. The book is most suited for students of shipping-related disciplines, and is also a valuable reference for maritime professionals.

Covering recent developments in maritime transportation and exploitation of sea resources, encompassing ocean and coastal areas, this book is intended for academics and professionals involved in the development of marine transportation and the exploitation of sea resources.

The combination of the Port State Control system that is currently in operation and the tactics employed by the International Maritime Organization (IMO) for the introduction of rules and regulations for safety and pollution prevention at sea, led to the establishment of a system which has the potential to bring about significant changes. These changes extend beyond the area of safety and pollution prevention, reaching areas lying entirely beyond the scope of IMO, and actually affecting directly private maritime law. The relevant provisions of the law of the sea are outlined, in order to define the legal framework within which the regulation process for matters of safety and pollution prevention may operate. Special reference is made to the development of the concept of Port State Control and its emergence as a new, alternative method of enforcement under the guidance of IMO. The study focuses on the modus operandi of IMO and critically evaluates the tactics employed by the organization in pursuing its ends. The book also examines the practices employed by influential port states in enforcing international regulations, and it assesses the reactions of smaller states with large registries, as well as the different sectors of the industry to these developments. These developments will lead to new legislation in the contracting states, with the potential of changing the principles of private maritime law. The author also draws attention to the impact that the ISM Code and the STCW '95 may have on issues of private maritime law, through an analysis of the use of English maritime case law. The book is intended for all involved in shipping law - carriers, shipowners, ship managers, marine insurers, port managers, and others.