If you've got a credit card, and you've got 15 minutes, you can re-register your ship under any flag you want.

Michael Roe

Categorized in : Top News

One way to reduce costs is to choose a flag like Mongolia, it's got no coast, no ports, no real direct relevance to shipping, but it offers a flag that's cheap and low standards, therefore it is good for shipowners.

Without being too insulting, these are totally irrelevant countries when it comes to shipping, except they've got cheap flags with low standards of regulation.