This sentence in the Oxford Online Dictionary confuses me:
the flagging out of much of the fleet to flags of convenience
Even with the definition that flag means here "Register (a vessel) in a specific country, under whose flag it then sails.", the clause doesn't make sense. What does it mean? And is it a clause or a phrase?
Best Answer
In this context, a "flag of convenience" means a flag that offers benefits of some kind.
Let's say a ship was built in Argentina, is owned by a ship owner in Bolivia, is staffed with a crew from Chile, and is normally docked in Denmark. I'm no maritime law expert, so I'm not sure which flag would fly over a ship like that. But I do know that a "flag of convenience" might be Ecuador, or France, or Greece. That is, there may be a way to register the ship in one of those nations and derive some sort of benefit.
So, if there were a whole fleet of such ships, and I were walking along the docks, I might ask:
And you might answer:
As you guessed, it's not a full sentence, but a phrase that could be found in a longer sentence.