Apr 09, 2022
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The shipping industry is very dynamic and continues to grow and shows great resilience. From car transporters to tankers, countries around the world have continued to increase the value of their goods every year. Owning a boat should not be confused with a Flag Of Convenience (FOC). FOC is a practice exercise in which a shipowner has to register with a merchant ship at the port of a country other than that of the shipowner, and fly the civil flag of the ship. the country of this ship, called the kingdom of the flag. Registers that do not have the citizenship or residence required for registration on a ship are often referred to as open enrollment. Every merchant ship is required by whatsapp phone number list international law to be registered in a register created by a country, and ships are subject to the laws of that country, which also apply if they are involved in a case. the ship. Ship owners may choose to register ships in a foreign country where they can circumvent the rules of the owner country which, for example, may have stricter safety standards. They can also choose an area to reduce the cost of surgery, avoid higher taxes on their owners ’land and violate laws protecting the wages and working conditions of seafarers.