
 Originally Posted by 
PerthDisco
					
				 
				Means more a low tax environment for ownership where fees are historically levied on gross tonnage (volume). Employment, yes is not limited to people of the flag nationality. All the worlds international shipping is largely done by Phillipino or Indian or other ‘low cost’ crew providing a huge source of USD employment (no living expenses and money sent home to family) but these cruise especially ships need pretty respectable, capable and nice people to operate successful hospitality so you get what you pay for. Some nationalities are better at it than others let’s face it. 
Flag (of Convenience) States like Panama, Cayman Islands, Liberia etc. are typically small countries without natural resources or means of existence hence have found this handy niche, invented by lawyers and accountants, of providing for a fee tax effective means of owning companies and assets heavily taxed elsewhere. No surprise it’s been incredibly popular with large organisations.
For the cruise ship companies they still have head offices in USA or Norway so need to face the music in that sense. FoC is purely for the ship asset. 
Don’t forget also that, like a plane, from the day of delivery to the wrecking yard they work to make money stopping only for fuel, food, passenger change and essential repair. There is no home port to speak of  they chance the sun northern hemisphere southern hemisphere.
			
		 
	 
 As I understand it, countries like the Bahamas and Malta have been declared 'Flags of convenience' by the International Transport Workers Federation. Registering under a flag of convenience usually means lower taxes and les stringent regulations, thus reducing operating costs and avoiding government regulations, especially regarding workers rights, and environmental regulations. 
Caribbean tax shelters
Consider the Artenia. The ship is owned by British cruise line P&O, chartered to a German company, operates out of Frankfurt and is registered in the Bahamas.The Ruby Princess operates out of Australia but is registered in Bermuda. Its owner, Princess Cruises, is headquartered in California but also incorporated in Bermuda.Most cruise ships are registered in a country different to ownership or operation. More than two-thirds (by tonnage) fly the flags of just three nations – the Bahamas, Panama and Bermuda. Flags of convenience make the cruise ship industry one of the world’s least regulated, with owners and operators able to skirt more stringent workplace, health, safety and environmental rules. For crew, particularly those in “lower level” service jobs, pay and conditions are poor. Many accept such conditions to earn money for their families. Hidden from view, even passengers can be oblivious to their conditions. 
Cruising far from US law. linky not worky, but click on 'least regulated' about an expose of the American cruise industry. But wait. Try this;
Vacations in No Man's Seas - Univision Noticias    
  Linky Worky!    
 
				
			 
			
		 
			
				
			
				
			
			
				I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food
A bookshop is one of the only pieces of evidence we have that people are still thinking
			
			
		 
	
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