REGISTRATION
BAKER TILLY ISLE OF MAN Baker Tilly Isle of Man offers a comprehensive and bespoke service providing yacht ownership and registration services to a worldwide client base, ensuring we meet their requirements with flexibility, confidentiality and transparency. Our aim is to provide impartial advice based on the clients total requirements. We are able to co- ordinate the various aspects of luxury asset ownership and operation allowing clients to enjoy the flexibility to choose from any of our ongoing services. Baker Tilly Isle of Man has a dedicated, experienced team who cover the complete range of yacht ownership and maritime management services. For more details Tel: +44 (0)1624 693 900 or visit
www.bakertillyiom.com
later expenses in endeavouring to comply. Jersey has dedicated, authorised staff to oversee this work, who will visit yards on a time-schedule basis and offer technical advice and support throughout the build stages.”
The Republic of Panama registry, for example, has a very forward- thinking attitude to ‘eco-friendly’ yachts, particularly in the case of new builds and yachts up to three and five years old. The registry offers fee discounts that are graded according to GRT and age of yacht.
Virna J.Ayala F. who is based at the Panama Consul in Marseille, France, told us: “If the yacht is a new construction for commercial use registered in Panama, some of the discounts included in our Circular MMC-298 (dated August 2017) may be applied. One of the discounts applied on design and construction of commercial vessels, is connected to the energy efficiency of the vessel, called discount Eco-Ship. This is a discount of 50% during the period of 3 years in favor of a vessel wanting to register with us, and once they prove programs of social corporate responsibility focused on reduction of atmospheric or sea contamination.”
Treated with the kind of reverence it deserves, correct choice of flag is quite simply one of the best decisions any yacht owner, captain or shore-based manager can make.
THE RED DUSTER
The Red Ensign Group of ship registers has long been associated with quality within the maritime sector and remains the flag of choice for many yachts
Operating under the mantle of “Strength and quality through collaboration” and comprising international shipping registries operated by the United Kingdom, three UK Crown Dependencies and eight UK Overseas Territories. The Red Ensign (or a defaced version with the appropriate national colour) has long been associated with yachting and is a familiar sight on many private and commercial yachts.
Any vessel registered under one of these administrations is a “British ship” and entitled to fly the Red Ensign flag and enjoy the benefits this brings.
Administrations within ‘Category 1’ Registers including Bermuda, British Virgin Islands, Cayman Islands, Gibraltar, Isle of Man and the United Kingdom operate large international registers and may register ships of unlimited tonnage, type and length.
‘Category 2’ administrations include Anguilla, Falkland Islands, Guernsey, Montserrat, St. Helena and Turks & Caicos Islands, which can register eligible vessels up to 150 gross tonnage (GT) and, subject to the implementation of legislation and a memorandum of understanding with the UK, pleasure vessels of less than 400 GT (pleasure vessels, by definition, refer to ships used for sport or pleasure, which are not operated commercially). Jersey is also a Category 2 register but with the enhanced ability to register both pleasure and commercial vessels under 400 GT.
ONBOARD | AUTUMN 2017 | 157
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