Research Of Institutions Of Single Vessel Company

Basing on the historical origin .. legal characteristics , operating procedures and economic advantages of single-vessel company , this paper focuses on analysis of the influences of challenges from some legal institutions such as piercing the corporation's veil on and restrictions to single-vessel company and brings forth an ideas that single-vessel company is still a practical operation form that can prevent and reduce risks for shipping enterprises if regulate properly though introducing the institutions of some open vessel registration nations such as convenient flag and South Africa' s specific vessel arresting institutions.