Word: liberia
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...earmarked $10 million for foreign aid this year, and half of that will go to Africa. The program has been highly cost-effective in winning diplomatic friends, as indicated by Foreign Minister Abba Eban's scheduled trip this week to seven Black African countries (Ghana, Ivory Coast, Liberia, Sierra Leone, the Congo, Cameroun and Kenya...
JOSEPH G. GONO Monrovia, Liberia...
...jets of sea water. For no apparent reason, an explosion ripped through the hull, sending the brand-new ship to the bottom. Two weeks later, an oil hold of the supertanker Mactra blew up in the Mozambique Channel; next day a blast blew apart the Kong Haakon VII off Liberia. Last summer there were two more tanker explosions. Scientists and oilmen were at a loss for an explanation...
Over the years, Ludwig has added some profitable frills to the basic technique. His ships are owned by a bewildering tangle of companies incorporated in other countries, particularly Liberia and Panama. The reasons are simple. "Flag-of-convenience" countries like Liberia charge lower registration fees than others, impose few safety regulations and allow industry to hire foreign crews at low wages. In addition, by registering both his ships and the companies that own them in countries that levy no income tax, Ludwig saves millions of dollars each year...
...officials last month denied these charges, pointing out that their advisors have often counselled foreign governments against disadvantageous trade agreements with the U. S. They said that corporate representatives had once asked the American Embassy in Liberia to try to curtail DAS activity there...