| Abstract: | This study comprises four major sections. Section A presents the reader with a broad view of liner conference operations, covering the origin of the conference system, its internal organization, achievements and the problems and inefficients generated in trades with the US by FMC regulation. Section B explores the legal aspects of conference operation and is especially concerned with the implications and legality of the USA's policy of unilateral regulation of conferences through national legislation. Section C investigatees the economic environment in which conferences operate, postulates a new economic models applied to liner shipping. Section D consistes of a and illustrates the failures of that Report. |
