Monthly archive

July 2013

Registration Consultant Highlights Benefits of Choosing Offshore

Consulting firm Offshore Premium has recently published an outline on their website of the benefits of registering a yacht in an offshore jurisdiction.

Bahamas Expresses Support for IMO Reduction of Administrative Burdens

The Bahamas Maritime Authority is participating in the IMO Steering Group's online consultation on the Reduction of Administrative Burdens.

The following writeup appeared in the registry's most recent newsletter:

Reduction of Administrative Burdens

Ship and Yacht Registry Review on Hiatus Through July 21st

The Ship & Yacht Registry Review (SYRR) will be on hiatus through Sunday, July 21st. Regular updates will resume the week of July 22nd.

For immediate assistance, please contact Campbell Houston at chouston@marinemoney.com.

Thank you,

Official Guide to Ship & Yacht Registries

Coast Guard Attorney Differentiates Flag State and Port State Control Jurisdictions

In a piece examining oil record book compliance for the US Coast Guard publication Proceedings Attorney Brian McNamara outlines the distinctions between flag state and port state jurisdiction when it relates to enforcing standards. Here, the OGSR culls selections from McNamara's article for readers' convenient reference.

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Spanish Yacht Charter Registration Tax Repealed

Spain has lifted its 12 percent registration tax on yacht charters which had been levied along with a 21 percent VAT, an arrangement the industry identified as double taxation.

Carlos Sanlorenzo, Secretary General of Spanish industry association ANEN, expressed satisfaction with the reform:

Panama Seeks to Hold Registry Market Lead

The Panama Registry looks to maintain its position as the world's leading flag, introducing incentives and evaluating the macroeconomic factors which could affect its competitiveness in the global market, a recent Fairplay feature reports

Jones Act Market the Talk of Marine Money Week

The Jones Act Market featured as a central topic of conversation on the first day of our parent company's 26th Annual Marine Money Week.

Panamanian Lawyer Highlights Registry's Significance

In recent trade press interview Morgan & Morgan partner Juan David Morgan, Jr.