flag of convenience

(redirected from Open registry)
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flag of convenience

a national flag flown by a ship registered in that country to gain financial or legal advantage
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
21 January 2015 - UK-based escrow, assurance and domain services company NCC Group plc (LSE: NCC) has acquired the Belgium and Luxembourg-based Open Registry Group of Cos for a maximum consideration of GBP14.9m (USD 22.96m) in cash.
registry" is synonymous with that of "open registry. (123)
It then came about in 1948 that the US Government assisted Liberia to create its own open registry that subsequently attracted US-based oil companies and Greek shipowners.
From the perspective of shipowners, registration in an open registry does not require physically relocating an industry; it simply means changing the flag flown and the port indicated on the stern.
RDF took center stage in mid-morning when Eric Miller and Tod Matola, both of OCLC, spoke about a pilot project to demonstrate the efficacy of maintaining an open registry for metadata namespaces where schema can be documented in a way that is both human- and computer-readable.
Further, there appeared to be support for an open registry of relationship types.
In the U.K., as of now, there is a strong push by the Baltic Exchange to set up an NIS-style British Open Registry (BOR).
Cyprus is also in effect the only fully EU-approved open registry in Europe.
Considering that Cyprus is, in effect, the only "EU approved Open Registry", the new "Tonnage Tax" system gives Cyprus a competitive advantage over other EU maritime nations.
On this occasion, the MoT's Acting Undersecretary for Ports and Maritime Affairs, Hassan Al-Majed stated that this new portal is part of the Ports and Maritime Affairs' initiatives that aim at facilitating services and establishing Bahrain as an open registry, allowing ships to register under the Bahraini flag.