Flag of convenience

GPTKB entity

Statements (18)
Predicate Object
gptkbp:instanceOf Maritime practice
gptkbp:criticizedFor Enabling tax avoidance
Lower safety standards
Poor labor conditions
gptkbp:defines The business practice of registering a merchant ship in a sovereign state different from that of the ship's owners.
https://www.w3.org/2000/01/rdf-schema#label Flag of convenience
gptkbp:introducedIn 1920s
gptkbp:majorCity gptkb:Liberia
gptkb:Marshall_Islands
gptkb:Panama
gptkbp:opposedBy gptkb:International_Transport_Workers'_Federation
gptkbp:purpose To take advantage of less restrictive regulations, lower taxes, and reduced operating costs.
gptkbp:regulates gptkb:International_Maritime_Organization
gptkbp:relatedTo Ship registration
Open registry
gptkbp:usedIn gptkb:Shipping_industry
gptkbp:bfsParent gptkb:flag
gptkbp:bfsLayer 5