REGISTRATION
ST. KITTS & NEVIS INTERNATIONAL SHIP REGISTRY This Ship Registry has gained increased recognition in the yacht industry for both commercial and personal yacht registration with a same day registration process, at a low cost. They offer a true worldwide service with their Maritime Registrars offices in Miami USA, Monte Carlo, and over 30 other offices in major global maritime ports. There are no restrictions on owners’ nationality and they offer a unique four year registration certificate with one year fees free, with only a self-certified Affidavit and a copy of the insurance policy as their only requirement for years 2 to 4. All of their procedures are in accordance with the Merchant Shipping Act and IMO Regulations and they accredited by ISO 9001(2008). For more details Tel: +44 (0)1708 380400 or visit
www.stkittsnevisregistry.net
Ramos on Madeira sees things slightly differently; “Brexit has made European flag states ‘flavour of the month’ because yachts flying a UK or Commonwealth flag must leave European waters every 18 months which makes owners re-consider European flags as the better option.”
“It is fair to say that socio-economic and political events will impact all registries due to the global nature of shipping,” points out Nicola Moore Gothar. “These effects can be both positive and negative. Some flags are less desirable to fly in certain regions as a result of geopolitical issues and this can result in owners changing flags.”
She adds, “Cayman Registry, like many flags, has been impacted by recent events. However, fortunately, these impacts have been relativity minor. The registry was able to continue to service its clients during the pandemic, thanks to a considerable investment in infrastructure during the preceding years, and has witnessed a considerable growth, particularly in the newbuild yacht market.”
“Following extensive consultation with the maritime sector last year, the French government decided to strengthen the Guichet Unique du Registre International Français (RIF: French international register) with the arrival of a tax advisor and a social law and RIF promotion advisor,” Raffray adds.
UK and EU sanctions are an obvious development that has impacted on yachting and particularly Russian yacht ownership witnessed by Toby Brooks on the Isle of Man. The sanctions had an impact to some extent on Jersey Registry: Says Pierre Chays, “Russian citizens / incorporated businesses are not eligible
to register a vessel in Jersey. However, the Russian Sanction legislation covers vessels owned, controlled or operated/chartered by persons connected to Russia. During COVID, we saw an increase in registration (2020 and 2021), but we cannot link this directly to the pandemic.” Jersey has not felt any particular difference in registrations since Brexit but there’s been increased activity in the offshore supply vessels market thanks to the rise of the renewable energy sector where Jersey shows strong expertise.
STEAMING AHEAD In the competitive world of yacht registration, flag states cannot afford to tread water. They need to innovate and improve their services to remain attractive to the elite sector of superyacht owners. And they are innovating and improving in several and different ways.
Jersey now has transcripts issued digitally and available on demand. The owner can now get verification for name availability and vessel’s name reservation online. A culture of innovation is embedded within the large yacht sector (LYS) at the UK Shipping Register says Marshall, driving the industry to constantly challenge existing norms, create new technology and drive progress. She says, “LYS is expanding its consultancy service for new build vessels and welcomes the opportunity to work with naval architects, designers and shipyards to ensure that innovation can progress whilst guaranteeing the highest standards of safety and environmental protection.” The VISR continue to develop and improve online offerings as do the Cayman Registry. In fact all the registries are more proactive and are constantly looking at more ways to streamline their services whilst maintaining the highest levels of service.
Whether private or charter, yachting will never be plain sailing and so it’s important to get the flag state right for guidance through the choppier waters with the right combination of price, service and technical support.
ONBOARD | AUTUMN 2022 | 211
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