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AP Explains: What is a flag of convenience?

In recent years, Cameroon has emerged as one of several go-to countries for the widely criticized “flags of convenience” system. Why do vessel owners register their ships in a foreign country? AP explains. (AP Video Marshall Ritzel) 
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Information
Source name: 
The Associated Press
Unique identifier: CP161435684 
Legacy Identifier: b36449bf3200435493ddf950e0014b23 
Type: Video 
Duration: 2m41s 
Dimensions: 1920px × 1080px     197.58 MB 
Usage rights: Digital platform use only. Broadcast rights and editing of content prohibited. 
Create Date: 7/27/2022 2:39:30 PM 
Display aspect ratio: 16:9