TTM03840 - Qualifying companies and ships: Strategic and commercial management - examples
Example 1
A wholly UK shipping company, where all management activities in relation to its ships are carried out in the UK.
- This company will certainly satisfy the test.
Example 2
A company that has little commercial activity in the UK but has its registered office and the occasional board meeting in the UK.
- This company will not satisfy the test.
Example 3
A company that has all strategic and commercial management of its ships in the UK, but day to day technical supervision of the vessels is in South America.
- This company likely to satisfy the test, provided it can demonstrate that the UK presence fulfils the aims mentioned at TTM03800.
Example 4
An international group operates a quarter of its fleet from the UK, through a UK sub-group. The UK sub-group has UK premises and employs around 100 staff in the UK. All technical management of the world-wide fleet is carried out in the UK, but personnel management is in the Far East. The booking system for all vessels is intranet-based using a computer in North America, but UK staff contributes a quarter of world-wide bookings. The operational board of the UK sub-group includes a majority of directors in London, but meets at various locations around the world but most meetings are in the UK.
- The UK ship operating company or companies would be likely to pass the test.
References
FA00/SCH22/PARA16 |
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Introduction to strategic and commercial management |
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Strategic management |
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Commercial management |
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Additional factors |