http://www.admiraltylawguide.com/
Basically by not be a registered ship of a State they are in violation of International Law and any State that finds the unregistered ship may exert jurisdiction over said ship is what I get from reading docs on this site.
My  not actual fact
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"The object of war is not to die for your country but to make the other bastard die for his." -Patton
"Only the dead have seen the end of war." -Plato
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