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 they meet their requirements with flexibility, confidentiality and transparency. Their aim is to provide impartial advice based on the client’s vessel registration requirements. Baker Tilly Isle of Man are able to co-ordinate the various aspects of luxury asset registration for yachts of all sizes allowing clients to enjoy the flexibility to choose from any of their other ongoing services. Baker Tilly Isle of Man has a dedicated, experienced team who cover all aspects of pleasure or commercial yacht registration at all of the main worldwide ports of registry. For more details Tel: +44(0) 1624 693 900 or visit www.bakertillyiom.com


very well with IOM but not quite at the same level. Registers with a yacht focus is what I’d look at to get the bespoke care you need. Here on IOM Managers/ crew agencies etc are all available here to provide a one stop shop”.


Many Registries will make a strong case for why a yacht owner should choose them, but the Red Ensign is by far the most popular Flag register for yachts with over 90% of yacht tonnage registered in the Group. The Red Ensign Group offers an equivalent standard for others to follow. “The Red Ensign code is drawn up on the Isle of Man” says Welsh, as he makes the case for IOM, “And we’ve been in superyacht industry from the beginning. The superyacht industry should be proud of itself, it has evolved into a very mature and professional sector and is a big employer”. Ah, but it


doesn’t have that pretty flag like Antigua & Barbuda (which also claims modern, comprehensive maritime legislation with a team of qualified, experienced, diverse and multilingual personnel providing quality service...)


In Panama, Ms Ayala would like us to remember, the Registry of vessels and yachts is public and transparent allowing the financing and mortgages for the better administration of the vessel. “Our Registry has 100 year tradition of proved experience which makes it the largest in the world. And, under the Panamanian flag commercial yachts do not pay the taxes, if the commercial activity is done outside the


MARSHALL ISLANDS International Registries, Inc. and its affiliates (IRI) provide administrative and technical support to the Republic of the Marshall Islands (RMI) Maritime and Corporate Registries. The RMI Registry is the second largest registry in the world, surpassing 4,389 vessels and 160 million gross tons at the end of May 2018. IRI has a network of 28 worldwide offices that have the ability to register a vessel, including those under construction, record a mortgage or financing charter, incorporate a company, issue seafarer documentation and service clientele. The most important asset to the RMI Registry is its customers and IRI strives to provide them with full service from any office, 24 hours a day. For more details Tel: +1 954 763 7775 or visit www.register-iri.com


ONBOARD | SUMMER 2018 | 123


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