Registering your yacht with the Cayman Islands Transport Registry (CISR) is a prestigious selection attributable to its popularity and tax advantages. This information offers an in depth breakdown of the steps, required paperwork, and hyperlinks to make sure a easy registration course of.
1. Verify if You Qualify
Earlier than beginning the registration, be certain that:
Yacht Sort: The CISR accepts personal yachts, industrial yachts, and cargo vessels.
Possession Necessities: House owners have to be people or corporations from international locations accepted by the Cayman Islands. Accepted international locations embody the UK, all EU international locations, USA, Canada, Australia, and others. The complete record may be discovered on the CISR web site.
Dimension Necessities: Yachts of all sizes are eligible, however yachts over 24 meters in size should adjust to particular tonnage and security guidelines.
Different Concerns: For industrial yachts, there are further rules associated to security, manning, and inspections.
2. Select the Sort of Registration
There are a number of sorts of registration accessible. Choosing the proper one will depend on how you plan to make use of your yacht:
Full Registration: Splendid for long-term possession and full use, whether or not personal or industrial.
Provisional Registration: It is a momentary possibility (legitimate for 3 months) whereas the ultimate paperwork are being ready. It permits the yacht to function instantly after provisional registration.
Bareboat Constitution Registration: Permits the yacht for use for chartering with out crew.
Twin (Demise) Registration: This enables the yacht to be registered within the Cayman Islands and one other nation on the identical time.
3. Collect Required Paperwork
Earlier than making use of, it’s worthwhile to collect the next paperwork:
Proof of Possession: You’ll need both a Invoice of Sale for second-hand yachts or a Builder’s Certificates for brand new yachts.
Declaration of Possession: A proper declaration about who owns the yacht. This may be executed utilizing CISR Kind CISR 857.
Tonnage Certificates: Yachts over 24 meters should submit a Tonnage Certificates from an accepted surveyor. In case your yacht is beneath 24 meters, you continue to want a tonnage measurement, however the course of is easier.
Firm Documentation (if relevant): If the proprietor is an organization, it’s worthwhile to present a Certificates of Good Standing to show that the corporate is legally lively.
Crew Certification (for industrial yachts): It is advisable submit proof that your crew members are licensed beneath the STCW Conference (Requirements of Coaching, Certification, and Watchkeeping).
Insurance coverage Paperwork: Proof that the yacht is roofed by acceptable marine insurance coverage.
4. Qualification of Yacht and Identify Availability
To register a yacht within the Cayman Islands, the vessel should meet security requirements. You additionally must verify if the title you need for the yacht is obtainable and qualifies for registration.
You possibly can verify if your required yacht title is obtainable or contact the Registration Part for help.
There are three ports the place you possibly can register a yacht’s title: George City, The Creek, and Bloody Bay. If the title is taken at one port, it’d nonetheless be accessible at one other. You too can reserve a reputation throughout all three ports if it is accessible. As soon as reserved, the title is held for 12 months and may be renewed.
A reputation may be reserved by the proprietor, a licensed consultant, a shipyard (for brand new yachts), or somebody accepted by the Registrar.
5. Survey and Inspection Necessities
Yachts over 24 meters, or these getting used commercially, should cross sure inspections and surveys to make sure compliance with security and environmental requirements.
Survey: That is necessary for yachts over 24 meters. The survey assesses whether or not the yacht complies with development, security, and operational requirements.
Accepted Surveyors: You will need to use an accepted classification society or surveyor. The CISR works with worldwide our bodies akin to:
Lloyd’s Register (LR)
American Bureau of Transport (ABS)
Bureau Veritas (BV)
RINA
DNV GL
Business Yachts: Should meet the necessities of the Cayman Islands Giant Yacht Code (LYC). The complete textual content of the code is obtainable right here.
6. Submit Your Software
As soon as the yacht has handed the survey, and all paperwork are so as, you possibly can submit the applying.
Software Kind: Full and submit Kind CISR 854 for full registration or Kind CISR 856 for provisional registration.
Doc Submission: Add all required paperwork by way of the CISR’s on-line platform or mail onerous copies to their workplace in George City, Grand Cayman:
Charges: Pay the relevant registration charges, which differ based mostly on the kind of yacht and its gross tonnage. The complete price schedule may be considered right here.
7. Carving and Marking Observe
As soon as your software is submitted, the CISR will subject a Carving and Marking Observe. This doc instructs tips on how to correctly engrave or mark your yacht’s title, official quantity, and port of registry on the hull.
Identify and Official Quantity: The yacht’s title and official quantity have to be engraved on a visual a part of the hull.
Port of Registry: The title of the port of registry (normally George City) have to be marked on the strict.
Inspection: After engraving, an inspector should confirm the marking earlier than remaining registration can proceed.
8. Challenge of the Certificates of British Registry (CBR)
After your yacht is marked and the paperwork have been accepted, CISR will subject a Certificates of British Registry (CBR).
Validity: The CBR is legitimate for one 12 months. Renewal is required yearly, and also you’ll want to supply up to date paperwork and pay renewal charges.
Registration Quantity: The certificates will embody a singular official registration quantity on your yacht.
9. Flying the Cayman Islands Flag
After registration, you have to:
Show the Cayman Islands Pink Ensign: This have to be flown from the strict of the yacht.
Marking the Port of Registry: The yacht’s dwelling port (normally George City, Cayman Islands) have to be marked on the strict.
10. Compliance with Worldwide Laws
If you’re working a industrial yacht, or should you plan to sail internationally, you have to adjust to worldwide maritime rules akin to:
SOLAS (Security of Life at Sea): Ensures vessels meet security requirements.
STCW (Requirements of Coaching, Certification, and Watchkeeping): Ensures the crew is correctly skilled and licensed.
MARPOL: Environmental rules for the prevention of air pollution from ships.
To finish the registration course of or for additional help, contact us or go to our web site. Our crew is able to information you thru every step, guaranteeing a easy and profitable yacht registration. Don’t hesitate to succeed in out for customized assist or extra details about the Cayman Islands Transport Registry.
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