Ethical principles of LMS 

 
The Libyan Marine Society recognizing that companies engaged in the marine services industry assume certain responsibilities toward consumers arising out of the personal contact method of distribution of their products and services, hereby sets forth the basic fair and ethical principles and practices for members of the industry to be guided by in the conduct of their business. The (LMS ), further recognizes the need to, at all times, meet every servicing supply requirement of its members & customers.

Rule 1 – Misrepresentation

It is unethical for any member of the industry in connection with marine services , to make, publish, or cause or publish by way of advertising, labeling or otherwise, any statement or representation which directly or by implication has the capacity and tendency or effect of deceiving clients or prospective clients as to the kind, grade, quality, origin or availability of any service or product which has the capacity and tendency or effect or deceiving clients or prospective clients in any other material or service alike

Rule 2 - Substitution of products and / or services

It is unethical for a member of this sector to make an unauthorized substitution of products or services for those actually ordered where such substitution has the capacity and tendency or effect of misleading or deceiving the clients.

Rule 3 - Deceptive or Unlawful Trade Practices

No member of this sector shall engage in any deceptive or unlawful marine trade practices.

Rule 4 - Deceptive Invoicing, Etc

It is unethical for members of this sector to issue invoices, billings or sales slip which by reason of misstatements therein or omissions there from have the capacity and tendency or effect of deceiving clients or prospective clients, or the consuming public.

Rule 5 - Prohibited Forms of Trade Restraints (unlawful price fixing, etc.)

It is unethical for any member of the industry, either directly or indirectly, to engage in any planned common course of action, or to enter into or take part in any understanding agreement, combination or conspiracy with one or more members of the industry, to fix or maintain the price of any goods or otherwise to restrain trade.

Rule 6 - Enticing Away Employees of Competitors

Knowingly enticing away employees or sales representatives of competitors so as to substantially injure or lessen competition is an unethical trade practice provided that nothing in this rule shall be construed as prohibiting the employees from seeking more favorable employment.

Rule 7 - Defamation of Competitors or False Disparagement of Their Products and /or services.

The defamation of competitors by falsely imputing them dishonorable conduct, inability to perform contracts, questionable credit standing, or by any other false representations is an unethical practice.