I think the declaration of unrestricted submarine warfare negates any benefits gained from flying a flag of convenience. Something to consider as well is the difference in maritime laws from the 1910's, 30's, and 40's compared to today. I get the feeling that flying a flag of convenience is more commonplace today than it was then during the World Wars. Regardless of what flag was flown then the sinking of neutral vessels still took place, particularly within declared zones.
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USS Kentucky SSBN 737 (G)
Comms Div 2003-2006
Qualified 19 November 03
Yes I was really on a submarine.
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