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4 J. Mar. L. & Com. 231 (1972-1973)
OECD Study on Flags of Convenience

handle is hein.journals/jmlc4 and id is 241 raw text is: OECD Study on Flags of Convenience*
At the beginning of 1958, the OEEC produced a Study on the
Expansion of the Flags of Convenience Fleets and on various aspects
thereof. In its conclusion it stated that:
The Maritime Transport Committee will continue to keep this question
actively under consideration and proposes to draw attention, as it has done
already, to international aspects of the situation as they develop and to the
possibilities of future action.
Over the thirteen years that have elapsed since that study, the fleets
of the flag of convenience countries have changed almost out of
recognition. The list of countries involved has lost and gained members,
and the largest flag of convenience fleet which was at that time only
fourth among maritime nations is now the largest in the world, thirty
per cent ahead of its nearest rival.
During the early sixties, flag of convenience registrations actually
declined, reaching a low point in 1962. Their resurgence from 1964
onwards seems to have passed largely unremarked for a number of
years. It appears that shipowners in the traditional maritime countries,
during a period of relative stability of shipping cost elements and
enjoying in many countries considerable fiscal benefits or direct
financial aid, were little inclined to register under flags of convenience.
During the last few years, however, it has become apparent that the
flag of convenience fleets have regularly grown at rates more than twice
those of the world fleet as a whole and with almost 20% of the world
fleet now registered under flags of convenience, the problems they
create seem to have taken on a new dimension. Moreover, in 1971, as
the boom conditions of the previous year ended, and the impact of cost
increases in almost every sphere of operating costs was felt, shipowners
in Germany began to give serious consideration to transferring ships
from their national flag while Netherlands shipowners contemplated the
* The above study was published as Part V of Maritime Transport 1971, A Study by the
Maritime Transport Committee of the Organisations for Economic Co-Operation and
Development, Paris, and is being reproduced with the kind permission of the OECD.

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