I believe this flag is meant to note that a high ranking officer is onboard the boat which it is flying from. Markings on the spine are a bit faded out and hard to read. The tip has a few lines of reinforcement stitching. One loop has been cut off; No doubt from the original souvenier hunter cutting it right off of its mountings. It is a loose weave so there is the odd little hole here and there. All in all a very attractive flag that is quite displayable.