SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

The weak Liberian economy has been hit by the Ebola crisis. One thing Liberia does have going for it is an unusual export — its flag. The Liberian flag is the second most popular flag flown by international cargo ships and is a huge source of revenue.

Flash Express is a leading logistics, courier delivery company which offers excellent delivery service—connecting people and businesses for Thailand and ...

SIMON: Elizabeth Desombre studies the so-called flags of convenience. She's a professor at Wellesley College. And she says the oceans are filled with ships that have never been to the countries where they're registered. Panama is a popular one. Marshall Islands.DESOMBRE: It's very easy to register from wherever you are in the world.SIMON: This flag of convenience thing comes from early 20th century international law. For century, ships flew the flag of their home country, usually the home country of the ship owner. And this meant that they had to follow all the laws of that country, even when they were half a world away. But in the last century, certain countries started to say, hey, come register here. We have different laws. We'll give you a flag. We're cheaper and easier.DESOMBRE: Part of that cheaper and easier process means fewer regulations. So, you know, we won't necessarily join all those international rules that require that you act in a certain way on the ocean.SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

JULIA SIMON, BYLINE: Go to any seaport in America and look at the flags flying from the back of the giant ships, the tankers, the container ships. You will see something that looks like an American flag but not quite. These flags have one star on the blue field - the Liberian flag. This does not mean the ships are from Liberia or that they've ever visited the place. They've simply paid a fee to fly the Liberian flag.ELIZABETH DESOMBRE: The whole thing is just weird.SIMON: Elizabeth Desombre studies the so-called flags of convenience. She's a professor at Wellesley College. And she says the oceans are filled with ships that have never been to the countries where they're registered. Panama is a popular one. Marshall Islands.DESOMBRE: It's very easy to register from wherever you are in the world.SIMON: This flag of convenience thing comes from early 20th century international law. For century, ships flew the flag of their home country, usually the home country of the ship owner. And this meant that they had to follow all the laws of that country, even when they were half a world away. But in the last century, certain countries started to say, hey, come register here. We have different laws. We'll give you a flag. We're cheaper and easier.DESOMBRE: Part of that cheaper and easier process means fewer regulations. So, you know, we won't necessarily join all those international rules that require that you act in a certain way on the ocean.SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

The economy of Liberia has been hit hard by the Ebola crisis. Tourism has vanished. Exports have dropped off. Markets are closed. But there is still one unusual way that Liberia is bringing in money, a way that's unaffected by the crisis. Julia Simon reports for NPR's Planet Money team.JULIA SIMON, BYLINE: Go to any seaport in America and look at the flags flying from the back of the giant ships, the tankers, the container ships. You will see something that looks like an American flag but not quite. These flags have one star on the blue field - the Liberian flag. This does not mean the ships are from Liberia or that they've ever visited the place. They've simply paid a fee to fly the Liberian flag.ELIZABETH DESOMBRE: The whole thing is just weird.SIMON: Elizabeth Desombre studies the so-called flags of convenience. She's a professor at Wellesley College. And she says the oceans are filled with ships that have never been to the countries where they're registered. Panama is a popular one. Marshall Islands.DESOMBRE: It's very easy to register from wherever you are in the world.SIMON: This flag of convenience thing comes from early 20th century international law. For century, ships flew the flag of their home country, usually the home country of the ship owner. And this meant that they had to follow all the laws of that country, even when they were half a world away. But in the last century, certain countries started to say, hey, come register here. We have different laws. We'll give you a flag. We're cheaper and easier.DESOMBRE: Part of that cheaper and easier process means fewer regulations. So, you know, we won't necessarily join all those international rules that require that you act in a certain way on the ocean.SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

ELIZABETH DESOMBRE: The whole thing is just weird.SIMON: Elizabeth Desombre studies the so-called flags of convenience. She's a professor at Wellesley College. And she says the oceans are filled with ships that have never been to the countries where they're registered. Panama is a popular one. Marshall Islands.DESOMBRE: It's very easy to register from wherever you are in the world.SIMON: This flag of convenience thing comes from early 20th century international law. For century, ships flew the flag of their home country, usually the home country of the ship owner. And this meant that they had to follow all the laws of that country, even when they were half a world away. But in the last century, certain countries started to say, hey, come register here. We have different laws. We'll give you a flag. We're cheaper and easier.DESOMBRE: Part of that cheaper and easier process means fewer regulations. So, you know, we won't necessarily join all those international rules that require that you act in a certain way on the ocean.SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

SIMON: Elizabeth Desombre studies the so-called flags of convenience. She's a professor at Wellesley College. And she says the oceans are filled with ships that have never been to the countries where they're registered. Panama is a popular one. Marshall Islands.DESOMBRE: It's very easy to register from wherever you are in the world.SIMON: This flag of convenience thing comes from early 20th century international law. For century, ships flew the flag of their home country, usually the home country of the ship owner. And this meant that they had to follow all the laws of that country, even when they were half a world away. But in the last century, certain countries started to say, hey, come register here. We have different laws. We'll give you a flag. We're cheaper and easier.DESOMBRE: Part of that cheaper and easier process means fewer regulations. So, you know, we won't necessarily join all those international rules that require that you act in a certain way on the ocean.SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

This means that you can confidently and proudly display this flag outdoors to stand the test of time. Polyester. Our Polyester flags are a heavyweight fabric ...

JULIA SIMON, BYLINE: Go to any seaport in America and look at the flags flying from the back of the giant ships, the tankers, the container ships. You will see something that looks like an American flag but not quite. These flags have one star on the blue field - the Liberian flag. This does not mean the ships are from Liberia or that they've ever visited the place. They've simply paid a fee to fly the Liberian flag.ELIZABETH DESOMBRE: The whole thing is just weird.SIMON: Elizabeth Desombre studies the so-called flags of convenience. She's a professor at Wellesley College. And she says the oceans are filled with ships that have never been to the countries where they're registered. Panama is a popular one. Marshall Islands.DESOMBRE: It's very easy to register from wherever you are in the world.SIMON: This flag of convenience thing comes from early 20th century international law. For century, ships flew the flag of their home country, usually the home country of the ship owner. And this meant that they had to follow all the laws of that country, even when they were half a world away. But in the last century, certain countries started to say, hey, come register here. We have different laws. We'll give you a flag. We're cheaper and easier.DESOMBRE: Part of that cheaper and easier process means fewer regulations. So, you know, we won't necessarily join all those international rules that require that you act in a certain way on the ocean.SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

Coat of Arms of Trinidad and Tobago. Page 7. PART I. THE STORY OF OUR HISTORIC FLAGS. AND OTHER EMBLEMS. See the power of National emblems: some stars, lilies ...

CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

DESOMBRE: Part of that cheaper and easier process means fewer regulations. So, you know, we won't necessarily join all those international rules that require that you act in a certain way on the ocean.SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

DESOMBRE: It's very easy to register from wherever you are in the world.SIMON: This flag of convenience thing comes from early 20th century international law. For century, ships flew the flag of their home country, usually the home country of the ship owner. And this meant that they had to follow all the laws of that country, even when they were half a world away. But in the last century, certain countries started to say, hey, come register here. We have different laws. We'll give you a flag. We're cheaper and easier.DESOMBRE: Part of that cheaper and easier process means fewer regulations. So, you know, we won't necessarily join all those international rules that require that you act in a certain way on the ocean.SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

SIMON: This flag of convenience thing comes from early 20th century international law. For century, ships flew the flag of their home country, usually the home country of the ship owner. And this meant that they had to follow all the laws of that country, even when they were half a world away. But in the last century, certain countries started to say, hey, come register here. We have different laws. We'll give you a flag. We're cheaper and easier.DESOMBRE: Part of that cheaper and easier process means fewer regulations. So, you know, we won't necessarily join all those international rules that require that you act in a certain way on the ocean.SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

Image

DESOMBRE: Part of that cheaper and easier process means fewer regulations. So, you know, we won't necessarily join all those international rules that require that you act in a certain way on the ocean.SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

Image

Québec's Symbols · Fleurdelisé Flag · Coat of Arms · Je me souviens (I Remember) · Yellow Birch · Blue Flag Iris · Snowy Owl · To Learn More:.

The national flag of Albania is a red flag with a black two-headed eagle in the centre. It is the only red and black flag of a recognised sovereign state.

SIMON: This flag of convenience thing comes from early 20th century international law. For century, ships flew the flag of their home country, usually the home country of the ship owner. And this meant that they had to follow all the laws of that country, even when they were half a world away. But in the last century, certain countries started to say, hey, come register here. We have different laws. We'll give you a flag. We're cheaper and easier.DESOMBRE: Part of that cheaper and easier process means fewer regulations. So, you know, we won't necessarily join all those international rules that require that you act in a certain way on the ocean.SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

MELISSA BLOCK, HOST: The economy of Liberia has been hit hard by the Ebola crisis. Tourism has vanished. Exports have dropped off. Markets are closed. But there is still one unusual way that Liberia is bringing in money, a way that's unaffected by the crisis. Julia Simon reports for NPR's Planet Money team.JULIA SIMON, BYLINE: Go to any seaport in America and look at the flags flying from the back of the giant ships, the tankers, the container ships. You will see something that looks like an American flag but not quite. These flags have one star on the blue field - the Liberian flag. This does not mean the ships are from Liberia or that they've ever visited the place. They've simply paid a fee to fly the Liberian flag.ELIZABETH DESOMBRE: The whole thing is just weird.SIMON: Elizabeth Desombre studies the so-called flags of convenience. She's a professor at Wellesley College. And she says the oceans are filled with ships that have never been to the countries where they're registered. Panama is a popular one. Marshall Islands.DESOMBRE: It's very easy to register from wherever you are in the world.SIMON: This flag of convenience thing comes from early 20th century international law. For century, ships flew the flag of their home country, usually the home country of the ship owner. And this meant that they had to follow all the laws of that country, even when they were half a world away. But in the last century, certain countries started to say, hey, come register here. We have different laws. We'll give you a flag. We're cheaper and easier.DESOMBRE: Part of that cheaper and easier process means fewer regulations. So, you know, we won't necessarily join all those international rules that require that you act in a certain way on the ocean.SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

Image

We supply a variety of Romanian flags for everyone to enjoy around the world. No matter what the occasion or what nationality you are, there is a flag to show ...

ELIZABETH DESOMBRE: The whole thing is just weird.SIMON: Elizabeth Desombre studies the so-called flags of convenience. She's a professor at Wellesley College. And she says the oceans are filled with ships that have never been to the countries where they're registered. Panama is a popular one. Marshall Islands.DESOMBRE: It's very easy to register from wherever you are in the world.SIMON: This flag of convenience thing comes from early 20th century international law. For century, ships flew the flag of their home country, usually the home country of the ship owner. And this meant that they had to follow all the laws of that country, even when they were half a world away. But in the last century, certain countries started to say, hey, come register here. We have different laws. We'll give you a flag. We're cheaper and easier.DESOMBRE: Part of that cheaper and easier process means fewer regulations. So, you know, we won't necessarily join all those international rules that require that you act in a certain way on the ocean.SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

2022217 — Dimensions · horizontal bands of equal width · separated by a central green band which splits into a horizontal "Y" shape, the arms of which end ...

CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

Flag Store USA is the most reliable source to buy American made 2 x 3' Myanmar (Burma) Flag online.

Federal Republic of Nigeria Flag ... The Nigerian flag was designed in 1959 and first hoisted officially in 1960. It is an adaptation of Michael Taiwo Akinkunmi's ...

The economy of Liberia has been hit hard by the Ebola crisis. Tourism has vanished. Exports have dropped off. Markets are closed. But there is still one unusual way that Liberia is bringing in money, a way that's unaffected by the crisis. Julia Simon reports for NPR's Planet Money team.JULIA SIMON, BYLINE: Go to any seaport in America and look at the flags flying from the back of the giant ships, the tankers, the container ships. You will see something that looks like an American flag but not quite. These flags have one star on the blue field - the Liberian flag. This does not mean the ships are from Liberia or that they've ever visited the place. They've simply paid a fee to fly the Liberian flag.ELIZABETH DESOMBRE: The whole thing is just weird.SIMON: Elizabeth Desombre studies the so-called flags of convenience. She's a professor at Wellesley College. And she says the oceans are filled with ships that have never been to the countries where they're registered. Panama is a popular one. Marshall Islands.DESOMBRE: It's very easy to register from wherever you are in the world.SIMON: This flag of convenience thing comes from early 20th century international law. For century, ships flew the flag of their home country, usually the home country of the ship owner. And this meant that they had to follow all the laws of that country, even when they were half a world away. But in the last century, certain countries started to say, hey, come register here. We have different laws. We'll give you a flag. We're cheaper and easier.DESOMBRE: Part of that cheaper and easier process means fewer regulations. So, you know, we won't necessarily join all those international rules that require that you act in a certain way on the ocean.SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

DESOMBRE: It's very easy to register from wherever you are in the world.SIMON: This flag of convenience thing comes from early 20th century international law. For century, ships flew the flag of their home country, usually the home country of the ship owner. And this meant that they had to follow all the laws of that country, even when they were half a world away. But in the last century, certain countries started to say, hey, come register here. We have different laws. We'll give you a flag. We're cheaper and easier.DESOMBRE: Part of that cheaper and easier process means fewer regulations. So, you know, we won't necessarily join all those international rules that require that you act in a certain way on the ocean.SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

MELISSA BLOCK, HOST: The economy of Liberia has been hit hard by the Ebola crisis. Tourism has vanished. Exports have dropped off. Markets are closed. But there is still one unusual way that Liberia is bringing in money, a way that's unaffected by the crisis. Julia Simon reports for NPR's Planet Money team.JULIA SIMON, BYLINE: Go to any seaport in America and look at the flags flying from the back of the giant ships, the tankers, the container ships. You will see something that looks like an American flag but not quite. These flags have one star on the blue field - the Liberian flag. This does not mean the ships are from Liberia or that they've ever visited the place. They've simply paid a fee to fly the Liberian flag.ELIZABETH DESOMBRE: The whole thing is just weird.SIMON: Elizabeth Desombre studies the so-called flags of convenience. She's a professor at Wellesley College. And she says the oceans are filled with ships that have never been to the countries where they're registered. Panama is a popular one. Marshall Islands.DESOMBRE: It's very easy to register from wherever you are in the world.SIMON: This flag of convenience thing comes from early 20th century international law. For century, ships flew the flag of their home country, usually the home country of the ship owner. And this meant that they had to follow all the laws of that country, even when they were half a world away. But in the last century, certain countries started to say, hey, come register here. We have different laws. We'll give you a flag. We're cheaper and easier.DESOMBRE: Part of that cheaper and easier process means fewer regulations. So, you know, we won't necessarily join all those international rules that require that you act in a certain way on the ocean.SIMON: With a flag of convenience you may not have to pay your sailors as much or maybe you could make them work longer hours. This is what Liberia offered. Although, they didn't come up with this idea themselves. Liberia owes its flag of convenience to a plan by an American guy - Edward R Stettinius Jr.RODNEY CARLISLE: In the last year of Roosevelt's presidency, he served as Secretary of State.SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

Browse Getty Images' premium collection of high-quality, authentic Red Cross Flag stock photos, royalty-free images, and pictures. Red Cross Flag stock ...

SIMON: This is historian Rodney Carlisle.CARLISLE: Professor emeritus from Rutgers University.SIMON: And Carlisle says that as Stettinius headed home from Europe at the end of World War II, he made a stop in Liberia. He saw it was poor, underdeveloped, rich in natural resources. He decided he wanted to get American businesses to invest. Stettinius knew a lot of people in big American corporations. And he heard them saying, we want to have a new country where we can easily register our ships, a new flag of convenience. Stettinius thought, Liberia. It's perfect. Carlisle says standard oil lawyers even helped draft Liberia's shipping law.CARLISLE: It was sort of done behind-the-scenes. And the Liberian legislator dutifully passed it.SIMON: Not only was the law designed to help American businesses, it was set up to be run from an office in the U.S. and managed by Americans. By the late-1960s, Liberia's was the biggest registry in the world. It's in second place today, right behind Panama. But it's still run by an American - this guy.SCOTT BERGERON: My name's Scott Bergeron. I'm the CEO of the Liberian registry.SIMON: Bergeron says Liberia doesn't have to do much. Every year, the registry business sends some of its profits back to the Liberian government.BERGERON: This is somewhere north of $20 million per year.SIMON: Twenty million dollars may not sound like much, but Liberia is a very small country. The fees from registering ships make up about 6 percent of the national budget. And more importantly, in a time when all other businesses in Liberia are reeling from the Ebola crisis, this is money that flows into the budget no matter what. For NPR News, I'm Julia Simon. Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.