TUESDAY, NOVEMBER 15, 1988
6
AIMS OF SHIPPING REGISTER OUTLINED
THE GOVERNMENT HOPES
WHICH
TO PRODUCE A SHIPPING REGISTER OFFERS THE VERY FEATURES AND SAFEGUARDS SOUGHT BOTH BY THOSE WHO WILL ON THE VESSELS CONCERNED AND BY BE OWNING, OPERATING AND SAILING
FOR ECONOMIC SERVICES,
THOSE REGULATING THE INDUSTRY, THE SECRETARY MRS ANSON CHAN, SAID THIS (TUESDAY) MORNING.
SPEAKING
EAST
THE AT
OPENING OF THE 1988
FAR EXPOSHIP
FOR OWNERSHIP, INTERNATIONAL SHIPPING EXHIBITION, MRS CHAN SAID THAT
HAVE REQUIRED TO
A GENUINE SHIPS REGISTERED IN HONG KONG WOULD BE
RIGHTS WOULD APPLY TO LINK WITH HONG KONG, ADDING THAT GRANDFATHER SHIPS ALREADY REGISTERED HERE.
OWNERS WHOSE ORDINANCE
WOULD BE RESTRICTED TO SHE SAID REGISTRATION COMPANIES WERE ESTABLISHED IN HONG KONG UNDER THE COMPANIES OR WERE INCORPORATED IN HONG KONG.
"WE WILL PROVIDE FOR JOINT VENTURE OWNERSHIP, PROVIDED THAT LEAST 50 PER CENT OF THE VESSEL IS OWNED BY A HONG KONG INTEREST.
PROVIDE ALSO
FOR THE
"WE WILL CHARTERED-IN BY OTHERWISE QUALIFIED OWNERS.
REGISTRATION
AT
OF
VESSELS
EACH MANAGEMENT
OWNER WILL
PERSON
BR REQUIRED WITH A
PERMANENT
"NONE OF THESE REQUIREMENTS WILL BE PARTICULARLY ONEROUS, SO A
BE NECESSARY;
ΤΟ FURTHER LINK WILL
OR APPOINT A REPRESENTATIVE PRESENCE IN HONG KONG, SHE SAID.
"
SHE ADDED, **WE WILL HAVE "ONCE THE REGISTER IS ESTABLISHED,
REGISTERED A SHIP WHEREBY
HERE NEED HAVE MOVED FROM A SITUATION
LINKS ABSOLUTELY NO CONNECTION WITH HONG KONG TO ONE IN WHICH WE HAVE THROUGH BOTH OWNERSHIP AND MANAGEMENT OF THE VESSEL.
[
CASE FOR ANYONE CONSIDERING SO THERE SHOULD BE NO REGISTER TO BE A "FLAG OF CONVENIENCE", SHE SAID.
MRS CHAN SAID ADOPTED WHICH WOULD CURRENTLY APPLIED.
THE NEW
STANDARDS WOULD BE BRITISH STANDARDS WHICH
APPROPRIATE INTERNATIONAL REPLACE THE LARGELY
STANDARDS. "WE WILL RELEVANT INTERNATIONAL AND THE ORGANISATION
SHE SAID THIS DID NOT MEAN A LOWERING OF BE AIMING TO APPLY THOSE STANDARDS SET BY THE
MARITIME THE INTERNATIONAL BODIES
INTERNATIONAL LABOUR ORGANISATION.
MRS CHAN SAID THE REGISTER WOULD BE SELF-FINANCING.
"IT WILL NOT BE DESIGNED TO MAKE A PROFIT BUT WE HOPE NOT MAKE A LOSS.
**
IT
WILL
/"ITS INCOME