Proposal for Jersey to be able to register large ships

[Lewis]

http://www.bbc.co.uk/news/world-europe-jersey-12730824

[chris]

Re: Proposal for Jersey to be able to register large ships

I think its a terrible idea. Jersey has shown itself to be an irresponsible financial regulator enabling the banks to lend too much money ending in the credit crunch, I can't them taking their flag state responsibilites any more seriously.

I don't think we need another flag of convenience especially when the flag looks very similar to the more reputable UK one.

[Lewis]

Re: Proposal for Jersey to be able to register large ships

I think its a terrible idea. Jersey has shown itself to be an irresponsible financial regulator enabling the banks to lend too much money ending in the credit crunch,

not quite the only one doing that.

[chris]

Re: Proposal for Jersey to be able to register large ships

well the speical purpose vehicles that were used to securitise mortgage debt which could then be sold to investors and give the banks more money to lend were all based in offshore locations, jersey and guernsey were the worst offenders for european banks, isle of man and gibraltar not so much.

[dawg]

Re: Proposal for Jersey to be able to register large ships


Probably a good idea to make international agreements and obligations that make inferior flags of convenience financially nonviable for companies to operate under.

[Lewis]

Re: Proposal for Jersey to be able to register large ships

You forgot selling off all or gold at the bottom of the market.

[chris]

Re: Proposal for Jersey to be able to register large ships

Probably a good idea to make international agreements and obligations that make inferior flags of convenience financially nonviable for companies to operate under.

I agree but can't see the chamber of shipping and other ship owner trade bodies allowing that to happen

[dawg]

Re: Proposal for Jersey to be able to register large ships

That's what elected governments are supposedly for... to override trade bodies ...unfortunate when they get into bed with them.