Flow patterns inside the riser section and the effects of the heater inlet-and exit-restrictions, liquid charging level and the heater inlet subcooling on the flow characteristics inside an open two-phase natural circulation loop were studied experimentally. Three basic circulation modes were observed ; periodic circulation (A)(flow oscillations with incubation(no boiling) period), continuous circulations(stable operation mode with no flow oscillations), and periodic circulation (B) (flow oscillations with continuous boiling). The circulation rate increases and then decreases with the increase of the heating rate and the maximum circulation rate appears with the continuous circulation mode. The decrease of the inlet-restriction or the increase of the exitrestriction destabilizes the system. When the liquid charging level or the inlet subcooling decreases, the continuous circulation mode starts at the lower heating rate and the system is stabilized.