Her transport and tariff system.

Of these the first, while not the least important, was certainly the most vulnerable.

The Treaty aims at the systematic destruction of all three, but principally of the first two.
I (1) Germany has ceded to the Allies _all_ the vessels of her mercantile marine exceeding 1600 tons gross, half the vessels between 1000 tons and 1600 tons, and one quarter of her trawlers and other fishing boats.[9] The cession is comprehensive, including not only vessels flying the German flag, but also all vessels owned by Germans but flying other flags, and all vessels under construction as well as those afloat.[10] Further, Germany undertakes, if required, to build for the Allies such types of ships as they may specify up to 200,000 tons[11] annually for five years, the value of these ships being credited to Germany against what is due from her for Reparation.[12] Thus the German mercantile marine is swept from the seas and cannot be restored for many years to come on a scale adequate to meet the requirements of her own commerce.

For the present, no lines will run from Hamburg, except such as foreign nations may find it worth while to establish out of their surplus tonnage.

Germany will have to pay to foreigners for the carriage of her trade such charges as they may be able to exact, and will receive only such conveniences as it may suit them to give her.