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e the United Kingdom under either part 1 or 2 of the register, he can do so by making a provisional application to any British consular officer or to any British High Commissioner office .Such office will forward the application to the Registrar, and if he satisfies that the applicant is eligible for registration, then registration will be granted by the Registrar within a period of ninety days.
All varieties of vessels like from oil rigs to pleasure yachts may be registered under Maltese laws provided, they are owned by individuals qualified to own a Maltese ship. Individuals who are qualified to own a Maltese ship are detailed below:
In Malta, Minister of transport has been assigned with extra-ordinary authority to prescribe the degree of the class of ships of ownership of a ship eligible to be registered and may notify other regulations and conditions in associations with the necessary ownership for ships.
To register a vessel under the Maltese flag by the foreign beneficial ownership, a shipping company must initially be incorporated under the Registry of companies of Malta. Again, a foreign shipping company can save a large sum of money as the minimum capital required by Maltese law is as low as with an authorised capital of £ 1250 of which a minimum of £ 250 must be paid-up. Further, the company registration expenses are very low amounting to just £ 250 and every year, annual return has to be filed by paying a fee of £ 125.
There are several advantages for registering a shipping company in Malta as it has a quick process and also, it is inexpensive. For registering a shipping company at Malta, promoters need not personally present in Malta. They can register a shipping company by operating remotely by forwarding a power of attorney to their legal representative in Malta, which is generally a law firm.
Further, the principal place of business of such shipping company need not necessarily be in Malta and there are no limitations whatsoever on the
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Maritime logistics is among the most viable investment that a company can make. The returns involved in the business sector are usually high if a business is able to conveniently position itself in the industry to wade off the stiff competition in the industry.
While this staggering amount of trade seems encouraging, the maritime transportation industry can be said to at its sunset due to the reasons that will be discussed in this paper.
The maritime industry was the most favored method since ancient times because travel by sea avoids the rather circuitous routes encountered when using the land.
The second part devotes itself with the issuance of a report advising the consignees in a case involving an explosion within a vessel plying mid-ocean about their claims under the contract of carriage. This report follows the basic format of a staff study report.
Two such extremely laws or rules are the Hamburg Rules and the Hague Visby Rules for the carriage of goods by sea. (Deb, iv)
Similarly under the Scope of Coverage the Hamburg Rules covers the period during which the carrier is in charge of the goods at the port of loading, during the carriage, and at the port of discharge.
64). Yet Hourani recognized that even before seafaring became this eminent, the transportation of goods was carried in what is known today as the Silk Road.
Perhaps the most important question is why people established the Silk Road before even venturing into maritime trade.
Thus an industry connected with maritime transportation remains a global economic pivot. Economics, like other social life, does not conform to a simple and coherent pattern(Galbraith 1958)2. However, a striking pattern of the maritime transportation industry has been its cyclical nature of highs and lows which during times of lows appear to many as a industry in recession or some would call a 'sunset' industry.
Moreover the charter also states that “neither the servants nor agents nor independent contractors of the carrier shall be liable above the limit set by the charter”. This proves that the liability will be limited, irrespective of the loss incurred by Barack and Dimitry.
Logistic Management, therefore has becomes a focal point of a global supply chain system. This requires a synchronization of all transactions, whether relating to raw materials or finished goods, with continuous monitoring through a