SHIP REGISTRY
Obtaining British Registry for
small ships (less than 150 tons) and yachts in TCI is relatively straightforward.
Requirements
-
In order to qualify for registration a ship
must be owned by an individual or entity that qualifies under the UK Shipping Acts.
-
Where an individual is not a TCI or UK
citizen ownership of the vessel in question is typically transferred to a TCI registered
company (which may be domestic or an IBC) by Bill of Sale prior to the application for
registration.
-
Individuals considering the Turks & Caicos
should be aware that in 1993 the UK categorized the TCI Registry (along with several other
dependent territories) as a Category 2 Registry. As a result, applications for
registration in TCI is restricted to ships of less than 150 tons.
-
There are limited exceptions to the tonnage
restrictions such as: (a) fishing vessels; (b) passenger vessels whose activities are
restricted to Turks & Caicos waters; and (c) instances where the Governor of TCI and
the UK Secretary of State have decided that it would be inappropriate to require a vessel
to be registered elsewhere.
Services
Dempsey &
Company is in a position to expedite and simplify all aspects of the Registration process,
including:
Incorporation of a local
company (where necessary) and related advices;
Checking availability of
vessel names;
Assisting with the preparation
and submission of applications generally;
Advising on and organizing
ships surveys in TCI and abroad (Note the TCI Registry will accept surveys carried out by
recognized Societies such as Bureau Veritas and Lloyds of London);
Advising on and organizing
engravings; drafting and preparation of rental/leasing agreements between the company and
the client;
Drafting of waiver of
liability agreements for commercial and pleasure craft;
Advising in relation to insurance issues and the structuring of
and access to mutual assurance associations;
Obtaining radio licences;
Advising in relation to TCI cruising permits and import duties
payable on vessels staying within the islands.
Feel free to contact us
outlining your situation and we will be pleased to provide more detailed information in
relation to the costs, timeframes and other considerations which can be anticipated.
Previous
page
Land Law | Development
| Conveyancing | Company & Commercial |
Immigration & Residency |
Trademarks and Patents |
Private Client | Legal
Opinions | Ship Registry |
About the firm | Articles
|
Contact Us |
Disclaimer
Telephone:
(649) 946-4344
Telefax: (649)-946-4564
Carrying
on business in association with the
Finbar F. Dempsey & Company Group:
Corporation Services Limited
Finbar F. Dempsey & Company
Maintained by COMPTCI Ltd.
©1999 - 2009
Dempsey & Co - All Rights Reserved
