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

TTM17086

Introduction to strategic and commercial management

TTM03800

Strategic management

TTM03810

Commercial management

TTM03820

Additional factors

TTM03830