

Bakker’s FOTW flag follows Brown 1995.
Alerce’s starboard photograph of 15 May 2013 shows this funnel, with the ship apparently on charter. A portside Roble N photograph shows the same dark-blue shade as the flag; the funnel blue appears to vary.
The company photograph shows a wider red flag stripe, but its fly end is hidden and has been assumed to finish as in N48. The letters are assumed dark blue although they look almost black. A partly obscured Alerce flag in 2007 appears to have a narrow red band; a poorly extended Roble N flag seems to show the wider version.