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0 If a ship sails under a flag of convenience, it means it is operated or taxed under the laws of a country different from its home country in order to save money:
They always register their ships under a flag of convenience.
1 the flag of a country that will register a ship (= list it as a ship of that country) that is owned by someone from another country:
Even some landlocked countries offer flags of convenience in order to gain income.
An increasing part of the world's merchant fleet is operating under a flag of convenience, chiefly for financial reasons involving lower taxes and less stringent regulations.
