flag of convenience

English - English

Definition of flag of convenience in English English dictionary: Registration of a ship in a country chosen for its low taxes, permissive regulations, and so on; The flag flown by a ship so registered (which flag then corresponds to the country of registration); A ship registered under the flag of a country that offers conveniences regarding taxes, crew, and safety requirements; Registry of the vessel is foreign to that of the country in which the company that owns the ship is located; A ship registered under the flag of a nation which offers conveniences in the areas of taxes, crew, and safety requirements » Back to top of screen; The granting of nationality (and the right to fly a flag) to a ship by a state when there is little or no connection (such as ownership, nationality of the crew, routes followed, etc ) between the ship and the state; 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; A ship registered under the flag of a nation which offers conveniences in the areas of taxes, crew, and safety requirements; A foreign flag under which a merchant vessel is registered for purposes of reducing operating costs or avoiding government regulations