Home / Questions / In September 2015 the International Chamber of Shipping ICS stated that the term Flag of C...
In September 2015, the International Chamber of Shipping (ICS) stated that the term Flag of Convenience was dated and no longer relevant to modern shipping. Meanwhile, the International Transport Workers Federation (ITF) maintains a list of 34 countries whose registries have been declared Flags of Convenience by its Fair Practices Committee. The International Maritime Organisation (IMO) maintained a Black and White list of Shipping Registries with a Grey list of those registries not quite making the White list. The list system is to be dropped during 2018 and an individual ship list put on a Black list when the vessel fails to meet IMO requirements.
Explain the origins of the term Flag of Convenience and what it means. Then discuss the factors influencing the ship owners choice over where to register their vessel(s) today. Discuss what effect dropping the Black and White list system will have on owners choice of registry. Comment on the ICS/IMO perspective when set against that of the ITF.
Feb 15 2020 View more View Less
The following estimates have been obtained for the market demand for cereal: In Q= 9.01 - 1.88 In P + 1.20 In A-0.35 In Py, where Q is the quantity of cereal, Pis the pri...
May 07 20212) S&P Supply sells only two products, Product S and ProductP.Product SProduct PSelling price per unit$25$50Variable cost per unit$20$30Fixed costs$225,000a) What is the ...
Jun 06 2021In one seaside community in New Jersey, the U.S. Fish and Wildlife Service suggested trapping and removing feral cats (domestic cats that live in the wild). The goal was ...
Jul 04 2021Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. I...
Aug 11 2020The graph below shows the daily demand (D) and supply (S) curves in the market for hotdogs in a city. The market is originally perfectly competitive, but then one firm ac...
Apr 10 2020What seven factors are important in selecting an appropriate channel to deliver a message? What makes one channel richer than another?
Aug 20 2021One researcher wishes to estimate the mean number of hours that high school students spend watching TV on a weekday. A margin of error of0.26 hour is desired. Past studie...
Apr 19 2020when a firm is operating at an efficient scaleA. average variable cost is minimized.B. average fixed cost is minimizedC. average total cost is minimizedD. None of the abo...
May 31 2018Colleges in United States Currently, there are 4612 colleges in the United States, and the number of full-time students is 13,203,477. Are the numbers of full-time st...
May 17 2021On Thursday, Trista Dylan receives a posted letter from Charlie Holmes offering to sell her a diamond ring and stating that: "if you choose to accept, you must do so by p...
Aug 30 2020