flag of convenience

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flag of convenience

the grant of a shipping ‘flag’ by a country to a non-national vessel owner. Flags of convenience are usually issued by countries not noted for their participation in international treaties governing shipping rights, and while the ‘flag’ establishes the legal credentials of the ship it often acts as a cloak for illegal activities (e.g. catching fish in unauthorized waters).
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Any future attempts to refigure and redesign a new Liberian flag that truly represents the wishes and aspirations of the Liberian people would not only be a movement in the right direction, but it will also make all Liberians proud and inject into our national consciousness a true sense of patriotism.
At last count nearly 2,000 vessels, totalling some 52m gross tons, were flying the Liberian flag to escape high costs and comprehensive regulations.
Abbett proceeded to rewrite New Jersey's corporate charter laws to make them a little like a Liberian flag of convenience.
Pajibo: The country was founded by free slaves from America, so the Liberian flag, constitution and educational system are all modeled after tire American system.
Bustling street corners, intersections, and boulevards are decorated with the Liberian flag and the flag of every political sub-division.
He held a Liberian flag high in the air as the procession snaked behind him.
| GAZA, April 23 (KUNA) -- Israeli naval forces released on Monday a cargo ship, carrying a Liberian flag, after interception it in the Mediterranean a day earlier.
A release issued by the Embassy of Israel in New Delhi, quoted the IDF spokesman as saying in a statement that: "The vessel, flying under a Liberian flag, was intercepted some 200 miles west of Israel's coast."
The 54,000-tonne tanker, flying the Liberian flag, had disrupted traffic on Sunday after it rammed into the east bank of the canal, without causing any spillage.
The large oil tanker is owned by Saudi oil company Aramco but was sailing under a Liberian flag. It can carry about two million barrels of oil.
The 1,080ft oil tanker is owned by Saudi oil company Aramco but was sailing under a Liberian flag.
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