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Sailing a ship under a flag of convenience (FOC) is a business practice that a growing number of ship owners take. The ship operates and

Sailing a ship under a flag of convenience (FOC) is a business practice that a growing number of ship owners take. The ship operates and is taxed under the laws of the country for which it is flagged.

a. Elaborate the factors that promote the popularity of FOC among shipping companies. (15 marks)

b. Analyse the risk factors of flag of convenience (FOC). (10 marks)

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