Abstract
The author deals with the objectives of introduction of the Code of Conduct and its application in shipping with particular reference to the shipping trade of the EC member states. The author points out a variety of changes that have taken place since the introduction of the Code into effect in relation to the polarization of the two concepts - the protectionist and the liberal one. The development of the container fleet of vessels has in many ways questioned tile theses of tile Code so that the author believes that in the conditions of deregulation; the distribution of cargo, as grounded on the Code, will soon assume a new shape.
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