Yacht Registration in the Marshall Islands
The Marshall Islands ship registry (the Registry) program provides yacht
registration in a highly reputable jurisdiction that complies fully with the
internationally adopted standards of the International Maritime Organization
(IMO). International lending institutions, shipbuilders, and ports have
recognized and maintained full confidence in the Marshall Islands vessel
registration, documentation, and preferred ship mortgage recordation standards
and procedures. It is this adherence to standards and stellar reputation that
has made the Marshall Islands Registry the fourth largest open registry in the
world.
To qualify as a private yacht in the Marshall Islands Registry, the yacht
must not be on charter for more than 84 days per year or carry more than twelve
(12) passengers for hire. It cannot be engaged in trade or commerce and it is
used solely for the pleasure or recreational purposes of its owner. The
registration of private yachts is generally limited to those of 12 meters or
more.
| There are two registration periods for yacht
registrations. The owner of the yacht may register for a one (1) year
annual registration, where the owner must renew his/her yacht registration
on an annual basis. Alternatively a three (3) year registration is
available, freeing the owner from annual filings and also providing for a
reduction in costs from the annual registration. By registering a yacht with the
Marshall Islands, the owner of the
yacht has significant practical attributes and services available. These
services include: |
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- Mortgage recordation and documentation: this service
allows for the continuation of the preferred status of the mortgage in the
present country of registry without interruption.
- Vessel inspection: the Registry has mandatory
classification and statutory surveys, certification systems, and annual
operational safety inspections recognized by the Maritime Administration as
being in full compliance with IMO resolutions.
- Radio station licensing:
availability of ship radio
station licenses based on the International Convention for the Safety of
Life at Sea (SOLAS), the International Telecommunications Union (ITU) and
the statutes of the Republic of the Marshall Islands.
- Technical assistance: support and technical assistance is
available from a staff of experienced mariners, naval architects, surveyors,
nautical inspectors, marine safety and environmental protection specialists,
shipping company administrators, radio specialists and casualty
investigators.
- Information on maritime regulations and port activities:
an information network of Marine Safety Advisories is distributed to apprise
owners and operators of changes to international shipping regulations and
port State control activities to help avoid unnecessary delays and
compliance problems.
- International representation:
the Marshall Islands
provides a worldwide network of Nautical Inspectors who conduct in-port
inspections and respond to ship-owner and operator needs.
Other Advantages include:
- Private yachts are eligible to obtain a United States Cruising Permit.
- Specific Safety Codes of Practice certification for commercial yachts are
in place to ensure compliance with national regulations.
Our fees are competitive.
Click here for our fees or
contact us toll free at 800-219-9359 or at 561-968-6611
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