StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Business Ethic - Flag of convenience - Coursework Example

Cite this document
Summary
Most of the time handled by inadequately trained and under paid crew and owned by shadowy, devious characters with undetermined nationalities, flags of convenience (FOC) ships have been negatively pertained to as rust buckets, pirate flags, free booters, and runaway ships. The…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.1% of users find it useful
Business Ethic - Flag of convenience
Read Text Preview

Extract of sample "Business Ethic - Flag of convenience"

Download file to see previous pages

matters over ships flying its flag.” Prevented by the odium linked with flags of convenience, several new shipping registries have placed themselves up as tax havens, more suitably pertained to asquasi-flag of convenience registries that is provided with firm maritime laws and the administrative machinery to enforce and implement them. There are three foundations when it comes to. The first one is that the ship registration conveys nationality to a ship and carries it within the command of the national law of the country of registration.

Article 6 of the Convention of the High Seas (1958) particularly indicates that ships shall sail under the flag o one country solely and shall be subject to that flags special jurisdiction. Another is that a ship should also comply with international laws embodied in conventions that have been approved by the flag state and that is enforced. Apart from this, a ship could also be subject to the laws imposed by a country in whose territorial waters or port it is at present functioning. However the "law of the flag" often has supremacy over the "law of the port of call.

" Since the country of registry together with the law of the flag primarily influence ship operating economics, the option of register is critical to ship-owners. Ship registries could be divided into two broad categories: closed and open registers. Closed registers limit flagging only to nationals, such that a German would not be able to register his ships under the Russian flag. On the contrary, open registers are available to any ship-owner in spite of nationality. For instance, the United Kingdom is considered as an open register in that an American shipowner could register his vessels in the name of the British flag.

Amongst open registries, there are national registers which deal with shipping companies in fundamentally the similar manner as any other business in the country. It is also noted that there are international registers which have been particularly

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Ethic - Flag of convenience Coursework”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1550169-business-ethic-flag-of-convenience
(Business Ethic - Flag of Convenience Coursework)
https://studentshare.org/miscellaneous/1550169-business-ethic-flag-of-convenience.
“Business Ethic - Flag of Convenience Coursework”, n.d. https://studentshare.org/miscellaneous/1550169-business-ethic-flag-of-convenience.
  • Cited: 0 times

CHECK THESE SAMPLES OF Business Ethic - Flag of convenience

Technology and Globalization

The ideas may include views, opinions, sharing of business prospects and opportunities; aspects of culture such as social exchange, education and training, and other socially motivated activities that can in one way or another help integrate individuals from different geographic, economic and social divides....
13 Pages (3250 words) Essay

Business and International Law

My duty as the VP for Risk Management I will develop knowledge and expertise in all areas of business law, consult with corporate and outside counsel on legal matters, advice the board as to available options to reduce or minimize the risk and liability of DWI in its ongoing activitiesDespite the fact that the DWI cruise had a "flag of convenience", it had to comply with SOLAS standards and other international conventions monitored by the port states and the flag.... The Minnow flied the flag of Liberia....
4 Pages (1000 words) Essay

Legal Right and Ethical Obligation

In a case where a passenger (of American origin) tries to sue the cruise line that claims immunity under 'flag of convenience rules', the question is more of an ethical issue than a legal one.... Taking refuge under the flag of convenience rules would be as ethically incorrect as extending of services to minorities or undertaking business activities in war-ridden areas.... It would be quite unjust to argue that by merely flying the flag of another country, the DWI are under no obligation to pay for the loss of life and/or property of a passenger who has boarded their cruise with a fervent hope that he and his belongings will be safe....
2 Pages (500 words) Essay

Global Companies and Global Integrity

From the beginning, a company that wishes or is already venturing into the world market must produce a code of conduct that shall govern its employees and the way it conducts business.... Ethics is a fundamental part of any business operation as our time suggests and this is well within the bounds of the necessity for corporate social responsibility....
1 Pages (250 words) Essay

8.6 case study

CIOs can identify the misuses of those IT capabilities, and they will be also able to flag those issues timely and thereby prevent the firm from becoming exposed to scandals.... The case described about the business fraud committed by marketing workers at a large telephone company can be cited as a good example.... Therefore, it is recommendable for organization to limit themselves to those scenarios where “good ethics make for good business”....
2 Pages (500 words) Coursework

Analysis of Marketing Channel Structure of Sony

Quite obviously, the organization has to maintain a well-coordinated network of marketing channels so that all the business processes can be aligned optimally with the marketing and sales objectives.... A marketing channel can be defined as “A business structure, reaching from the point of product origin to the consumer, through which a manufacturer or marketer motivates, communicates, sells, ships, stores, delivers, and services the customer's expectations and the product's needs” (McCalley, 1996, P....
9 Pages (2250 words) Research Paper

The convergence of Global Corporate Governance

The complexity of the business world in the free market economy resulted in the establishment of a governance system that monitored the activities of the business organizations from the social perspective.... s per the present-day business environment, corporate governance has become an inseparable element of the business system.... Considering the increasing level of globalization nations around the world are trying to bring compatibility among their perceptions and views on the issue of corporate governance and business ethics....
10 Pages (2500 words) Essay

Improving Quality in the IKEA Company

As at the time of inception, the company conducted a door-door business only selling pens, table runners, picture frames and jewellery.... It later grew into a mail-order business in 1945 with its first catalogue being published in 1951.... This is supported by the mission statement which is pegged on their business ideas through the provision of various types of nicely designed functional home furnishing products....
17 Pages (4250 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us