Flag of convenience ships have long been linked to crime on the high seas. For example, in 1982, Honduras shut down its open registry operations because it had enabled "illegal traffic of all kinds and had given Honduras a bad name."[40] ...
Flag of Convenience
The national flag flown by a ship that is registered in a country other than that of its owners. (Usually arranged in order to save taxes and operating expenses)
Flight of Capital ...
Such countries are eligible for some or all of the same treatment as CoCom countries in relation to export control requirements if those countries maintain comparable export control programs.
Flag of Convenience ...
FLAG OF CONVENIENCE The flag of ship is the flag of the country where it is registered. This term is used in international shipping where a ship's country of registration is selected on the basis of country's legal requirement and tax regime.
 See also: On board, Compensation, Administration, Barriers, Developing countries
  
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