Publication Type

Journal Article

Version

Postprint

Publication Date

12-1993

Abstract

Many articles and books have been written to extol the advantages and virtues of flags of convenience (FOC) shipping, argue its necessi ty, and defend the practice. However, from the earliest days there has been opposition to FOC shipping, and lately the disenchantment over this questionable form of open registry has led to the potentially rapid growth of what can be termed as quasi-FOC arrangements. This article will first briefly trace the trend from FOCs to quasi-FOCs, outline the legal framework for regulating international shipping, then discuss the problems, opposition, and legal challenges to open registries. Finally, it will trace in detail the emergence and growth of quasi-FOCs, which is expected to be the wave of the future in international shipping.

Keywords

Tax havens, Shipping industry, Registration, Maritime law, Manycountries, Regulation, Maritime industry, Law, International trade

Discipline

Economics | Transportation

Research Areas

Applied Microeconomics

Publication

Transportation Journal

Volume

33

Issue

2

First Page

31

Last Page

39

ISSN

0041-1612

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Additional URL

https://www.jstor.org/stable/20713194

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