The choice of flag in the light of non - complied vessels
Part of : Αρχείον οικονομικής ιστορίας ; Vol.XIII, No.2, 2001, pages 197-207
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Pages:
197-207
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Abstract:
Unambiguously, the issue of the flag choice is of the greatest importance for every shipowner. The ultimate choice depends on parameters that are mentioned on the bibliography whereas; the main factor that influences the most such as a choice is the cost and particularly, the direct cost. Based on that concept the parts involved in the marine industry focus on the direct and indirect profits derived from the choice of a flag while they do not pay the required attention to the side results of the particular choice. Objective of the present paper is to identify the quality characteristics that should be coestimatedas the quantitative ones during the procedure of the flag choice. Furthermore, in our analysis we have attempted to classify the most important maritime flags according to the actual rates of deficiencies and detentions after the inspection from the Port Sate Control. Thus, we conclude in a choice of three distinctive quality levels where we can classify the main flags. However, the particular classification cannot be preventive for the flag choice, but it includes factors that should be taken into consideration during the stage of flag choice.
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Subject (LC):
