SHIP REGISTRATION SERVICES IN CAMEROON
International maritime law allows ships owners to fly any flags they choose for their ships if that flag accepts their ships
Flags administrations that accept foreign ships owners to register their ships with them are called Open flags or convenience flags
Some of these flags have a higher standard than many of the closed flags, so the name convenience flag is almost called to these lower standards open flags
In all cases, open flags give ships owners many benefits such as taxes free, fewer limitations on crew nationality, Size,, and age of the ship
Open flags usually offer more flexibility in ships registration and provide recognition for more class societies to certify ships flying their flags
Open flags, in most cases, provide offshore companies registration where these companies can act as the registered owner of the ships, which protect to ship owner’s properties as the law in these countries provide the legal basis to hide the identity of the actual benefits of these companies
Nowadays, the majority of world fleets are flying open flags
At prime Time law offices, we work closely with our customers to provide advice in choosing suitable flags for their ships, taking into consideration the area of navigation, type, age,, and Size of the ship and the economic condition and budget of the ship owner
We provide easy payment terms in ships registration to maintain a partnership with our customers.
Article by CHUO ANGABUA JUNIOR
‘’The content of this article is intended to provide a general guide to the subject matter. We insist specialist advice be sought depending on your specific circumstance’’
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