Business and International Law - Essay Example

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Business and International Law

One of them is that a flag state must have an established maritime organization capable of enforcing all international and national regulations and secondly is that a flag state must be a member of International Maritime Organization (IMO) that adopt the IMO's maritime safety Resolutions and Conventions. Mr. and Mrs. Lowell boarded one of the Diversified Worldwide Industries Inc. DWI's Small cruise ships known as Minnow for a week long journey from Miami. The Minnow flied the flag of Liberia. They returned to their cabin one of the nights and found two ship employees removing cash and Mrs. Lowell jewellery from their luggage. This paper discusses my duty as the VP for Risk Management of Diversified Worldwide Industries Inc. It will discuss how I will develop knowledge and expertise in all areas of business law, consult with corporate and outside counsel on legal matters, advice the board as to available options to reduce or minimize the risk and liability of DWI in its ongoing activities
Mr. and Mrs. Lowell boarded one of the Diversified Worldwide Industries Inc. DWI's Small cruise ships known as Minnow for a week long journey from Miami. The Minnow flied the flag of Liberia. They returned to their cabin one of the nights and found two ship employees removing cash and Mrs. Lowell jewellery from their luggage.
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Summary

Ocean going vessels that are international engaged should have a country of registry for them to operate in international water. Major counties that provides flag registry for their cruise vessels are United States, United Kingdom, Norway, Liberia Netherlands, Bahamas and Panama…
Author : bhagenes

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