Trade · 6 pages · 12 min
How flags of convenience work
A ship can be registered in a state that is not the owner's home, and that registry is its flag.
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Trade · 6 pages · 12 min
A ship can be registered in a state that is not the owner's home, and that registry is its flag.
When the purchase is complete, return to the original window. It will refresh.
A flag of convenience, or open registry, lets a shipowner register a vessel in a state that offers registration to foreign-owned ships. The ship flies that state's flag, and the flag state, not the owner's home country, is the ship's nationality for maritime law. The opening covers open registries accept foreign owners, the flag state is the ship's state, and crew and class can sit elsewhere.
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