What is a Controlled Carrier? A Comprehensive Legal Overview
Definition & Meaning
A controlled carrier is an ocean common carrier that is owned or controlled, either directly or indirectly, by a government. This control can be established in two primary ways:
- If a government or its agency owns or controls a majority of the carrier's interests.
- If the government has the authority to appoint or reject the appointment of the majority of the carrier's directors or key executives.