Flow boiling and flow condensation are often regarded as two opposite or symmetrical phenomena; however, their description with a single correlation has yet to be suggested. In the case of flow boiling in minichannels there is mostly encountered the annular flow structure, where bubble generation is not present. A similar picture holds for the case of inside tube condensation, where annular flow structure predominates. In such a case the heat transfer coefficient is primarily dependent on the convective mechanism. In this article a method developed earlier by the authors is applied to calculations of the heat transfer coefficient for flow condensation. The modifications of interface shear stresses between flow boiling and flow condensation are considered through incorporation of the so-called blowing parameter, which differentiates between these two modes of heat transfer. Satisfactory consistency with well-established correlations for condensation has been found, as well as with selected experimental data.