Vessels sailing under the Bolivia 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 has the appropriate flag signage on board 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 national flag of Bolivia is depicted as a tricolor rectangle, which has the colors red, yellow and green, which are in the ratio of 1:1:1, implying three horizontal bands, where the red on the superior part occupy a third of the flag's width, with yellow in the middle band using equal width and the green color in the inferior part and using the last third.

The flag of the Bolivia also known as the tricolor, consists of three horizontal stripes that are of equal size. The topmost stripe is red, the middle stripe is yellow and the bottom stripe is green. At the middle point of the flag is there is the National Coat of Arms with a yellow stripe. The red color stands for the valor and bravery of Bolivian soldiers; the blood they shed for the birth and preservation of the republic, green symbolizes fecundity of the terrain a foundational value of our society; the richness of the republic that result from the natural areas, and the yellow color symbolizes Bolivia's mineral resources and wealth.

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