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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* INTRODUCTION 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. 231

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