What's so important about a ship's flag?

Most ships sail under a flag that differs from that of their owner.

from BBC News - World https://ift.tt/313L2gz
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Renoir, Cézanne and Matisse paintings stolen in Italian job

The paintings were taken from a museum in Parma by four masked men in the middle of the night, police say. from BBC News https://ift.tt/x4...