Moore Stephens warns on dangers of diving unprepared into shipping pools

摘要

International accountant and shipping adviser Moore Stephens has warned ship owners and operators to carefully check the financial, tax and jurisdictional implications of participating in shipping pool arrangements. Shipping partner Michael Simms said: "Shipping pools can be an attractive option, particularly in difficult markets and during periods of economic uncertainty Interest in the concept generally is increasing as a way to leverage money and maximise economies of scale. But while it might make good commercial sense for like-minded shipping interests to pool their resources to mutual advantage, traps may lie in wait for the unwary."