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Flag of convenience (FOC) is a business practice whereby a ship's owners register a merchant ship in a ship register of a country other than that of the ship's owners, and the ship flies the civil ensign of that country, called the flag state. [1] The term is often used pejoratively, and although common, the practice is sometimes regarded as ...
The Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law. [1] Incoterms define the responsibilities of exporters and importers in the arrangement of shipments and the transfer of liability involved at various ...
The transfer of title may occur at a different time (or event) than the FOB shipping term. The transfer of title is the element of revenue that determines who owns the goods and the applicable value. Import fees when they reach the border of one country to enter the other country under the conditions of FOB destination are due at the customs ...
Operates shipping brands Super Shuttle RORO, Super Shuttle Ferry and Shuttle Fast Ferries. [1] [2] Cokaliong Shipping Lines, Inc. 1989: 15: Ever Shipping Lines: 1975: 3: Jomalia Shipping Corporation: 2004 [3] 10: Camotes Ferry Services: 2006: 6: Lite Shipping Corporation (Lite Ferries) 1990: 31: Montenegro Shipping Lines: 1978: 81: AFGM ...
International Container Terminal Services, Inc. (ICTSI) (PSE: ICT) is a global port management company headquartered in Manila, Philippines. Established in 1916, ICTSI is the Philippines' largest multinational and transnational company, having established operations in both developed and emerging market economies in Asia Pacific, the Americas, and Europe, the Middle East and Africa.
This is a list of acronyms in the Philippines. [1] They are widely used in different sectors of Philippine society. Often acronyms are utilized to shorten the name of an institution or a company.
Port of Manila, one of the world's busiest container ports.. The following is a list of major ports in the Philippines organized by water mass. This list consists primarily of shipping ports, but also includes some that are primarily or significantly devoted to other purposes: cruises, fishing, local delivery, and marinas.
2GO Group Inc., also known simply as 2GO is a Philippines-based transportation and logistics company operating a fleet of inter-island passenger ferries and cargo ships.The top two principal shareholders of the 2GO Group are SM Investments Corp, and Trident Investments.