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Contact Us

Pensum Ltd.
Cayman Business Park A7
P.O. Box 10024 APO, KY1-1001
Grand Cayman, Cayman Islands
Cayman Islands: +1 345 945 1830
From US: +1 954 642 0007
From UK: +44 207 983 8778
Fax: +1 345 945 1835
Email: Marine@Pensum.Pro
Time Zone: GMT - 5

Library

Topic

Aircraft

Aircraft Registration In the Cayman Islands

Like ships, registered aircraft take the nationality of the flag state. To register aircraft in the US, the beneficial owner must

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Corporate

Why Incorporate in Different Jurisdictions?

People register companies in different jurisdictions for a variety of reasons depending on personal or commercial circumstances.

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Company Management and Associated Services

Company formation and management is a regulated service along with banks, trusts, insurance companies, and funds.

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Corporate and Related Matters – Cayman Islands

If a commercial entity has elements within its business that are performed outside the country,

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Asset Protection Trusts For U.S. Residents

The main purpose of an asset protection trust is to place assets beyond the reach of future creditors.

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Companies - Summary Table

Summary information for companies that may be registered in the Cayman Islands

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Company Formation – Cayman Islands

Although we are based in the Cayman Islands, we are able to form companies in other jurisdictions. Contact us to find out more.

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Company Formation - BVI

As of January 01, 2007, the law was changed so that only one type of company may now be

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Company Formation – Marshall Islands

The Marshall Islands comprise the most eastern island group in Micronesia located between Indonesia and Hawaii in the Central Pacific Ocean.

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Company Closure - BVI

If the company has been active, possibly with outstanding assets or liabilities and the directors wish to have a

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Company Closure - Cayman Islands

If the company has been active, possibly with outstanding assets or liabilities and the directors wish to

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Crew

Crew Payroll and other Crew Services

Employment and payment of crew from overseas can be beneficial, both for owners and for crew.

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Crew Licensing

British registries will recognise the certificates of competence issued to crew of any nationality qualified in

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Marine Casualties

Duties and obligations to report marine casualties are set out in Section 159 of the Merchant Shipping Law

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Maritime Security Training and Review

After 9-11, the world changed and security, particularly maritime security, became a major concern for governments around the world.

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Insurance

Statutory Insurance

Compulsory insurance is set out in four places in the Merchant Shipping legislation

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Insurance Considerations for Larger Marine Vessels

Many flag states and coastal states require their vessels or vessels entering their waters to carry

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Insurance Services – Summary

We can help owners, their captains or other representatives obtain competitive insurance

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Maritime – Merchant Shipping and General

Maritime Consultancy

Most offshore practitioners are not specialists in maritime law or maritime administration.

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Surveys and Certification

In respect of survey, certification and code compliance, we can liaise between flag surveyors..

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Ship Registration Considerations

The Cayman Islands Shipping Registry is a Category 1 British registry, the highest level possible,

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Registration Procedure - Cayman Islands

The following need to be done for registration purposes. Surveys for certification are covered elsewhere.

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Registration Procedure - Marshall Islands

The shipping and company registries of the Republic of the Marshall Islands (RMI) are operated by International Registries, Inc.

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Representative Person/Managing Owner

The purpose of a representative person is twofold. First, the registry needs to have someone it can reach in the event of an incident or a need...

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Registration Procedure – BVI

In 2007, the BVI joined Bermuda, Cayman Islands, Gibraltar, Isle of Man and the United Kingdom to become a Category.

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Registration Procedure – Jamaica

Jamaica, located approximately 90 miles south of Cuba, is about 280 miles long by 80 miles..

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Demise Charter Registration – Cayman Islands

For those who are unfamiliar with the concept, demise charter registration is a process that allows a demise charterer..

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Registration Under Construction

Where a vessel is being built in a yard under risk, whether the risk is financial, political or geographic, it may be important for an owner...

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Ship Financing

A registry such as the Cayman Islands, that makes no concessions on quality standards but provides a fiscally...

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Maritime Administrative and Accounting Services

Administrative services cover a range of areas.

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Submersible Craft

Unlike many jurisdictions, the Cayman Islands has a registration regime for submersible craft and this is contained in Part VIII of its Merchant..

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Mortgages

There are two types of statutory mortgage available under British registries, “principal and interest” and “account current”.

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Qualifications to Own a Cayman Registered Vessel

Nationals, bodies corporate or shipping entities from an EU or EEA state or Schedule 3 territories...

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What’s in a Flag?

We are often asked, “What is the purpose of a flag and why are certain flag states chosen over others?” The answer is considerably more complex than

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Maritime Conventions and Treaties

Maritime Legislation - Governing Law

As a British Registry, the governing law is essentially English maritime law that takes into account its

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CLC Fund and Bunkers

CLC Fund and Bunkers

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Limitation of Liability

Limitation of Liability

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Maritime Labour

These matters are dealt with in Part V of the Law together with related regulations.

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Maritime Safety

Part VI of the Law gives effect to COLREGS and those aspects of SOLAS that deal with safety of navigation.

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Maritime Security

The ISPS Code and other maritime security provisions of SOLAS are in effect under the legislation.

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Passengers and Luggage

Part XV of the Merchant Shipping Law gives effect to the 1974 Athens Convention on Passengers and Their Luggage (including its 1976 Protocol).

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Pollution Prevention

The Cayman Islands Merchant Shipping (Marine Pollution) Law 2001 places all applicable aspects of marine pollution into

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Standards of Training, Certification and Watchkeeping

The 1995 amendments to STCW 78 Convention were implemented globally on 1st February 2002.

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Wreck and Salvage

Part XII of the Merchant Shipping Law updates and replaces the old Wreck and Salvage Law.

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Treaty Issues – Shipping – Cayman Islands

The Cayman Islands' general absence of reciprocal tax treaties means that companies

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International Conventions - Summary List

International Conventions - Summary List

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STCW 95 White List

Under the STCW Convention, a maritime administration can either be an issuing administration or a recognising administration.

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Yachts

Yacht Registration Considerations

Today, the Cayman Islands have the world’s foremost shipping registry for megayachts,

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Yacht Certification & Commercial Yacht Code

The term, “pleasure yacht”, is cited in three maritime conventions, STCW, Load Line and SOLAS,

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EU Value Added Tax On Yachts

On January 31, 1993, the EU issued an amendment to its Sixth Directive, aimed at achieving a unified system of VAT on yachts throughout the EU.

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Passenger Yacht Code

This is a code for equivalence to international convention requirements for the carriage of up to 36 passengers onboard pleasure yachts.

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