Concepts
Flag of Convenience
Also Known As FOC · Open registry
Maritime Concept
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The practice of registering a merchant ship in a country other than that of its owners, so the ship flies that flag state's civil ensign. Owners do this to cut operating costs and escape home country taxes and labor protections; the practice originated in the United States around the First World War, and the open registries of Panama, Liberia and the Marshall Islands now account for roughly half the world fleet by tonnage.
Facts
Core ConcernRegistering ships abroad to escape home country cost and regulation 1 Cross-Tradition Connections
Sources
1. Wikipedia: Flag of Convenience
WikipediaLead sectionQuote, Lead section
They may also select a jurisdiction to reduce operating costs, avoiding higher taxes in the owners' country and bypassing laws that protect the wages and working conditions of mariners.
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