International Journal of Research in Social Sciences

  • Year: 2019
  • Volume: 9
  • Issue: 4

Genuine Link, Registration of ships and their role to global policy of shipping

  • Author:
  • George Samiotis1, Panagiotis Saviolakis2
  • Total Page Count: 14
  • DOI:
  • Page Number: 662 to 675

1Associate Professor, Department of Maritime Studies, School of Maritime and Industrial Studies, University of Piraeus, Piraeus, Greece

2PhD Candidate, Department of Maritime Studies, School of Maritime and Industrial Studies, University of Piraeus, Piraeus, Greece

Abstract

Ships constitute capital investments of significant amounts of financial resources that carry a spectrum of rights and obligations both in national and international level. Additionally, the Flag State that has granted its Nationality to a ship has placed itself to the global community and is acarrier of rights and obligations too that occure from the maritime activity of the ship. In this context there is a wide variety of Ship Registries available to shipowners who wish to register their ships. These Ship Registries can be categorized accordingly, depending on the extent of the application of the principle of the Genuine Link. There are different approaches ranging from the strict application of the rule of the Genuine Link in the Closed Registries to the almost absence of Genuine Link as in the case of the Open Registries.

Keywords

Flag State Genuine Link Nationality Ship Registry Open Registry Flags of Convenience