HOW DO THE COSTS WITH EACH OF THE FLAGGING OPTIONS COMPARE
The types of flagging options available to a prospective shipowner fall into three main categories: (1) national registry, (e.g., France, mainland UK); (2) offshore registry, (e.g., Bermuda, Hong Kong); and (3) open registry, (e.g., Panama, Liberia). In addition, there are various dual registry options available. The aim of this paper is to provide guidelines for the prospective owner that will help him select the flagging option that is most advantageous to his particular shipping venture. In order to carry out a comparative evaluation of flagging options, it is suggested that consideration be given to such factors as initial registration costs; ongoing costs of maintaining the register; manning requirements and costs; stability of the government of the intended flag; possible vessel modification costs to meet requirements of a particular maritime administration; and the overall reputation of the prospective register.
- Conference paper
- Dorey, J
- Which Register? Which Flag?
- Location: London, England
- Date: 1987-9-2 to 1987-9-3
- Publication Date: 0
- Pagination: 15p.
- TRT Terms: Benefit cost analysis; Flags of convenience; Registry
- Subject Areas: Finance; Marine Transportation;
- Accession Number: 00655885
- Record Type: Publication
- Source Agency: Maritime Technical Information Facility
- Files: TRIS
- Created Date: Jul 21 1994 12:00AM