http://www.gov.im/lib/docs/ded/shipregistry/news/flag_state_performance_table_2013_14.pdf There is nothing inherently unusual in
an international ship registry system
in which the owner of a ship may be
located in a country other than the state
whose flag the ship flies. However, a
balance has to be struck between the
commercial advantages of selecting
a particular flag and the need to
discourage the use of flags that do not
meet their international obligations.
The purpose of this Flag State
Performance Table is two-fold:
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