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Some 10-15% of the world's merchant shippers list their homeport as Monrovia, even if the businesses themselves are not truly Monrovian in origin. Instead, the companies register in Liberia to take advantage of Flag of Convenience arrangements.
Ships said to be flying a flag of conveniencehave registered in a foreign country "for purposes of reducing operating costs or avoiding government regulations". However, it might very well be simply to take advantage of a country's infrastructure such as a world-wide network of consulates, fast service, etc.
The term comes from the flag that ships fly to show their country of registration. Under conventions of international law, the country of registration determines the source of law to be applied in admiralty cases, regardless of which court has personal jurisdiction over the parties.
What else can I help you with?
Why are so many trading ships registered in Liberia?
Here is a good article on the subject (from CNN Money).... http://money.cnn.com/magazines/fortune/fortune_archive/2001/06/11/304620/index.htm
How many ships did De Soto have?
There was no set amount of ship that he had so it is unknown the total amount of the ships that he personally owned.
How many ships have been lost around Wellington harbor?
Have there been many ships in or around the harbour? If so why? List 3 please. Give names of the ships that you think they are and the date of the ship wreckage! Thx X)
How many registered gun owners are there in the US?
Gun owners aren't "registered" like cars. One estimate is that there are @ 4 million or so gun owners.
Was Ulysses the one of the people that were on the ship in The Odyssey?
Odysseus (Ulysses) was on various ships in the Odyssey. There were many ships, so you would have to be more specific.
WhaT colony sent ships to Africa?
It's hard to say. Many nations/colonies/shipbuilders sent ships to Africa, so there's not a definite answer.
How many ships are registered by panama?
Many ships are registered in Panama, even though they are owned by individuals or companies in another country (most commonly Japan and Greece) under a system called 'flag of convenience'. Registering a ship in Panama means that the ship is governed by the maritime rules of Panama rather than the ship owner's country. Ship owners do this because Panama has low taxes and fewer labour and safety regulations than most other countries. So ship owners can make their staff work longer hours in less safe environments, and therefore maximise their profits. Other countries, including Liberia, Cyprus and the Bahamas also offer flags of convenience, but Panama has the most ships registered under the scheme.
How many dogs registerd in UK?
Pet dogs no longer have to be registered in the UK so there is no accurate count.
How many people now about minecraft?
As of 3/2012, 23,947,152 people have registered the game. So figure how many friends have they told about it?
What does shakedown mean on ships?
On a ship, a shakedown is a trial voyage, to see how everything works. Ships can be very complicated, and so there are many things that could go wrong.
How many registered voters are in Denver?
There is a state population of 5,029,126. 2,878,766 of them are registered. Republican: 1,008,341 Democrat: 875,650 This census has been taken in 2007 A.D, so it may not be completely accurate.
How are icebergs detected by ships?
they are detected by other ships, and then a message is passed onto other ships so the ships know to look out for iceburgs
