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NAVIGO SHIPMANAGERS.

N449
image by Ivan Sache, 1 December 2003
N789
image by António Martins, 17 January 2007

The later FOTW description gives an approximately 1:2 flag quartered diagonally red and blue, with a white square diamond nearly touching the top and bottom, charged with a black N. Rosanoski questions its origin: the cited pages showed only a link logo, not a flag, and the linked company site supplied no confirming image. He therefore leaves this reconstruction unexplained.