Liability • Financial matters
Operation of ships may involve numerous risks. As liability for a potential damage caused by an incident may exceed the financial resources of those responsible, compulsory insurance for certain risks has been introduced by legislation based on international and European Instruments.
Shipping companies with ships flying the German Flag benefit financially from:
- tonnage tax,
- 100% wage tax deduction,
- non-wage labour cost subsidies,
- training place subsidies and
- vocational training subsidies.
This German Flag support is a long-term commitment. An important basis for the support of the German Flag is the joint agreements between the federal government, the federal states and the social partners in the ‘Maritime Alliance’.