Flagging Standards: Globalization and Environmental, Safety, and Labor Regulations at Sea by Elizabeth R. DeSombre
English | September 29th, 2006 | ISBN: 0262042347, 0262541904 | 321 Pages | PDF | 2.84 MB
Shipping is among the most globalized of industries. Shipowners can choose where to register their vessels, based on cost, convenience, and the international and domestic regulations that would govern their operation. This system of open registration, also known as flags of convenience (FOC), can encourage a competition in regulatory laxity among states that want to attract shipping revenues–a race to the regulatory bottom.