NAVIGAZIONE MONTANARI S.P.A.

Although labelled as a funnel illustration, M372 is the sail marking adopted in 1896.

Valle di Aragona’s 19 January 2007 funnel photograph has twelve diagonal red bands, the first and last occupying the corners, rather than the thirteen expected from the flag logo. Valtellina at Sydney in July 2008 has thirteen, with the first occupying a corner. Vallesina shows only nine, not occupying the corners. The flag follows company website images.

Valdaosta’s May 2004 photograph shows an apparent alternative with eleven diagonal bands. Its corresponding flag is assumed.