While there is no generally agreed definition, ‘flag of convenience’ or ‘open registry’ States refer, in essence, to States that permit foreign shipowners, having very little or virtually no real connection with those States, to register their ships under the flags of those States.
The flag of convenience States allow shipowners to evade national taxation and to avoid the qualifications required of the crews of their ships. In so doing, flag of convenience States give shipowners an opportunity to reduce crew costs by employing inexpensive labour, while these States receive a registry fee and an annual fee. As one of the few variables in shipping costs is crew costs, a highly competitive market within the international shipping industry prompts shipowners to resort to open registry States. what is the meaning of Flags of Convenience or open registry in the law of the sea and customary international law?, archipelagic sea, archipelagic waters, Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and their Disposal, COLREG, Convention on the International Regulations for Preventing Collisions at Sea, De iure praedae, De mare clausum, De mare liberum, freedom of navigation, IMO, International Convention for the Prevention of Pollution from Ships, International Convention for the Safety of Life at Sea, International Maritime Organization, international straits, maritime traffic, MARPOL, right of innocent passage, SOLAS, territorial sea, terrorism, United Nations Convention on the Law of the Sea
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