

The FOTW account dates adoption of the Caspian Steamship flag to 30 July 1923 and its existence to 1926. The illustration was apparently later amended. Rosanoski also cites a pennant decree of 29 August 1924 but is uncertain whether it applies to this flag.
The funnel carries the national flag, readopted on 5 February 1991. Baki shows a decrescent and eight-pointed star on the port side; Reshid Behbudov and Nizami show the mirrored star and increscent on the starboard side. Band shades and position vary, sometimes reaching the black top; Mitchell shows no top. Nizami has a larger device extending slightly onto the blue band, with a much larger star whose points touch the crescent. Rosanoski considers that the state company apparently no longer has a separate house flag.