Vessels sailing under the Venezuela country flag are required to have on board this flag as part of flag state requirements that derive from maritime regulations in the International Code of Signals and the International Safety Management (ISM) Code. These codes are published by the International Maritime Organization (IMO) as an ongoing effort to reinforce maritime safety procedures and communications to the international maritime community. Fleet management companies and ship owners are responsible to ensure that each vessel in their respective fleets have the appropriate flag signage onboard to be in compliance. This flag is used to identify the flag state a vessel is sailing under and to communicate with other vessels under the provisions of the International Code of Signals.

The Venezuela country flag was adopted in 2006 to reflect the addition of Guayana. It is represented by three equally portioned horizontal stripes colored yellow, blue and red from top to bottom. Eight white five pointed stars grace the center of the flag, located in the blue stripe and arranged in a semicircle that opens downward. The Venezuela Coat Of Arms adorns the upper hoist side (left) corner and is located in the yellow stripe. Not all Venezuela Flags display the coat of arms, but maritime and civil flags do. The colors represent the land's richness (yellow), the citizens' courage (blue) and the bloodshed that was sacrificed for independence (red). The eight stars represent the States that make up the country of Venezuela.

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