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February 21, 2019 By naylorlaw

What is a Flag of Convenience?

flag of convenience

Sailing a ship under a flag of convenience is a business practice that a growing number of ship owners take. The ship operates and is taxed under the laws of the country for which it is flagged. Registering the vessel in a different country than the one where the owner lives helps them save money. … [Read more...]

Filed Under: Laws, Maritime Tagged With: Flags

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