SHIPS REGISTRATION
International maritime law allows ships owners to fly any flags they choose for their ships if that flag accepts their ships
Flags administrations which accepts foreign ships owners to register their ships with them are called Open flags or convenience flags
Some of these flags are having higher standard than many of the closed flags, so the name convenience flag is almost called to these lower standards open flags
In all cases, open flags give ships owners many benefits such as: taxes free, less limitations on crew nationality, Size and age of the ship
Open flags usually offer more flexibility in ships registration and provide recognition for more class societies to certify ships flying their flags
Open flags in most cases provide offshore companies registration where these companies can act as registered owner of the ships which provide protection to ships owners properties as the low in these countries provide legal basis to hide the identity of the actual beneficial of these companies
Nowadays, the majority of world fleets are flying open flags
In Macmasteri Maritime we work closely with our customers to provide advise in choosing suitable flag to their ships taking in consideration area of navigation, type, age and size of the ship and economical condition and budget of the ship owner
We provide ships registration under the following flags