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15 November 2018 The on-line newspaper devoted to the world of transports 20:41 GMT+1



October 22, 2018

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Original news
China modification the norms in order to ulteriorly favor the return under the national flag of ships enrolled in other Registries

The scope is mainly that to acquire ship that currently fly flags convenient

China, with the objective to ulteriorly increase the consistency of national the mercantile fleet, has modified the norms in order to favor the return under the Chinese flag of ships that are under responsibility of Chinese interests and that I am enrolled under other Registries and, in particular, of those units that fly flags convenient.

To such fine the Ministry of Transportation of Beijing has updated on September 14, 2016 relative norm to the application of fiscal incentives in order to encourage the return under the Chinese flag in the period 1° september 2016 - 1° september 2019 of ships that fly flags convenient. In particular, by article 5 of the norm the disposition is cancelled that China Classification Society (CCS previewed that for the acceptance of the registration in the Chinese Registry) gave preference to ships enrolled in naval Registries members of the International Association of Classification Societies (IACS).



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