Flag of Convenience
/ˈflæɡ əv kənˈviːniəns/
Definitions
- (n.) A practice wherein a ship is registered in a country different from that of the ship's owners, often to benefit from more favorable maritime regulations.
Many shipping companies use a flag of convenience to reduce operating costs and avoid stringent regulations.
Forms
- flag of convenience
Related terms
See also
Commentary
Flags of convenience often raise complex issues involving jurisdiction, liability, and regulatory enforcement in maritime law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.