XN000022-1988-11-15 — Page 7

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