Posted April 21, 2023
Posted April 21, 2023
Effective Date: 25 April 2023
GUIDANCE NOTE
PLEASURE YACHTS ENGAGED IN TRADE
CIGN 04/2023
The Cayman Islands Shipping Registry recognizes yachts are used in dual modes in that yachts may be used privately and may also engage in trade, which is provisioned within the Merchant Shipping Act (2021 Revision) and Regulations made thereunder.
The Cayman Islands does not operate a Private Yacht Limited Charter Scheme1 as may be operated under other Registries and all vessels that engage in trade, irrespective of duration, are required to comply with certain mandatory safety requirements.
The purpose of this guidance note is to remind yacht owners, managers and masters of these mandatory requirements and to outline the consequences of non-compliance.
More in this Section
Independent, Unbiased, Ethical. We Are Fairport
Fairport Global is here to help you navigate all the safety, technical, and administrative aspects of luxury yachting.
