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Conference

Various shipowners who operate liner, rather than tramp services have formed associations in various trades, and various areas of the world. These associations, or conferences, fix freight rates to prevent unfair price cutting and to ensure reasonable profits.

- Some nations consider such conferences and their price fixing to be monopolistic and unfair as well as being oppressive, because the conference presumably restricts the development of fleets of emerging nations. For this reason, the Convention on a Code

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