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flag of convenience

   Also found in: Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
flag of convenience
n. pl. flags of convenience
A foreign flag under which a merchant vessel is registered for purposes of reducing operating costs or avoiding government regulations.
flag of convenience
n
(Government, Politics & Diplomacy) a national flag flown by a ship registered in that country to gain financial or legal advantage


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Ships that are registered under a flag of convenience do represent a danger risk, while others are normally safer," says Carsten Gelhaus, the manager for Hamburg-Sud in Santos, Brazil.
Shippers Beware by FABEY, MICHAEL / Latin Trade
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