Concept information
Preferred term
flag of convenience
Definition
- A ship flies a flag of convenience if it is registered in a country other than its country of ownership. A more formal definition is as follows: The flag of a country with easy or lax maritime regulations and low fees and taxes, flown by ships that register their vessels in such countries, even though their ownership and main cruising areas are elsewhere. [Source: Encyclopedia of Business in Today's World; Flag of Convenience]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/flag_of_convenience
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