Briefly talk about the cabotage law in marine
transportation
The cabotage law is a maritime regulation that determines which ships are allowed to transport goods between two points in a particular country's internal waters. These laws generally build upon existing infrastructure and favor domestically-owned vessels. The goal of the cabotage law is to create economic stability and to protect the domestic maritime industry. Cabotage laws usually require that domestic vessels be used for transport within a country's internal waters, and help to discourage foreign vessels from entering the domestic economy. Additionally, the cabotage law is important for maintaining navigational security, as well as safety standards onboard the vessel.