{"id":28,"category_id":5,"image":null,"title":"Ship Registration System of Bangladesh: An Assessment","slug":"ship-registration-system-of-bangladesh-an-assessment","author":"Md. Mostafa Aziz Shaheen , M Ziauddin Alamgir  and Dewan Mazharul Islam","publisher":null,"description":"<p><strong>Abstract <\/strong><br \/>\r\nRegistration offers a flag to a vessel providing access to high sea and ports worldwide. Many countries pursued aggressive registration policy allowing non-citizens with flexible tax and fee structure resulting in a significant amount of revenue earning by becoming the desired destination for ship registration worldwide. Despite ample opportunities, Bangladesh could not tap the potentials of ship registry to boost up her economic growth through fleet expansion. This paper aims at identifying challenges of ship registration in Bangladesh and put forward strategies for their mitigation to get optimum output in the registration market. This study revealed a complicated ship registration process in Bangladesh relying on national register with nationality as a determining factor for registry resulting in sluggish growth of ship registration. The underlying causes are the rigid legal frame, inadequate institutional architecture, huge tax burden, insufficient incentive. Therefore, this study recommends flexibility in a legal frame to introduce hybrid registries, reformation of Mercantile Marine Office, automation of registration process, rationalisation of the tax regime and investment facilitation through incentives.<\/p>\r\n\r\n<p><strong>Keywords: <\/strong>Ship Registration, National Register, Hybrid Registries, Tax Regime.<\/p>\r\n<gdiv><\/gdiv>","file":"\/files\/econtents\/5f806409d862avol4_issue1_article_2_shaheen.pdf","downloaded":136,"created_at":"10\/10\/2020 12:22 AM","updated_at":"17\/3\/2021 2:44 AM"}