When did FREEWINDS change registration Curacao to Panama?

Information about the CoS cruise ship.
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Sea Horse
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When did FREEWINDS change registration Curacao to Panama?

Post by Sea Horse » Sat Apr 02, 2011 5:13 am

I just noticed the notation under copyright notice on a brochure for Freewinds stating the ship is registered in Panama. I thought it was registered in Curacao. When did it change? Did anyone notice the change?
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Re: When did FREEWINDS change registration Curacao to Panama

Post by anondelmundial » Sat Apr 02, 2011 1:56 pm

The Freewinds has always been registered in Panama. Panama is good because it is a "flag of convenience". This means that the ship pays its registration fees, and is free from any governmental oversight. The ship NEVER enters US waters.

From http://en.wikipedia.org/wiki/Freewinds
An entity called the Flag Ship Trust (FST) was formed in December 1985 with the aid of a $5 million donation from the International Association of Scientologists. In September 1986, the Flag Ship Trust purchased Bohème, renamed her Freewinds and refitted her to enable its use for Scientology purposes. The vessel was put into service in June 1988.

The ownership and management of the vessel was organized through a complicated web of Scientology-run corporations and entities, most of which are owned by the Flag Ship Trust. It is owned by San Donate Properties, a Panamanian corporation of which FST is the sole shareholder. Another FST-owned Panamanian corporation, Transcorp Services, owns the mortgage on the Freewinds. FSS Organization was a Netherlands Antilles corporation responsible for paying certain taxes on the vessel to the Netherlands Antilles authorities.

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