Abstract
Hong Kong has recently become a new hot spot for ship registration. Ships registered in Hong Kong will be taxed at a lower rate than those registered in Mainland China. Also, because Hong Kong places emphasis on flag State control (FSC) inspections and ships registered in the region are unlikely to be the objects of port State control (PSC). Since seafarers’ rights and environmental affairs are of major concern to the international community and because Hong Kong is a free port and the gateway to Mainland China, it is considered to be a better option than the Mainland for registry of Chinesefunded ships. This article compares the ‘Hong Kong fag’ with the flags of other countries in several respects: the registration system; taxation; FSC; PSC and other matters.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
