Open Registry : A term used in place of "flag of convenience" or "flag of necessity" to denote registry in a country which offers favorable tax, regulatory, and other incentives to ship owners from other nations. (Maritime)
Ports and Ships: Port news and Shipping Movements in African and, Glossary of maritime terms, Durban, South Africa 2012. http://ports.co.za/maritime-terms.php, (Mrtm/ Ports and Ships - Brit) {538}