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flag of convenience

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flag of convenience

National flag flown by a ship that has registered in that country in order to avoid legal or tax commitments (also known as offshore registry). Flags of convenience are common in the merchant fleets of Liberia and Panama; ships registered in these countries avoid legislation governing, for example, employment of sailors and minimum rates of pay.

In 1995 75 million gross tonnes of shipping was registered in Panama, making it the world's largest merchant fleet. Ships registered under flags of convenience accounted in 1993 for 34% of the world's fleet but 60% of all maritime accidents.



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? Mentioned in ? References in periodicals archive
 
THERE is still one potential problem lying in wait for those so determined to see a Team GB -- even if it is just England flying under a Union Flag of convenience -- entered in the football competition at the London Olympics.
ELIGIBLE IDEA? WHY NOT LET THEM ALL PLAY by The Daily Mail (London, England)
He said he believed the ship had a crew of around 24 and may have been sailing under a flag of convenience.
Somali pirates seize German container ship by AFP / AFP Global Edition
That's doing Hamilton a disservice because Rusedski was a shameless self-publicist who used Britain as a flag of convenience, but the basic point remains the same.
Motor Racing: LEWIS 'PRIZE' IS TOO FAST by The Mirror (London, England)
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