Resourceful Library Service - Pensum, Cayman Islands

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

Corporate

Why Incorporate in Different Jurisdictions?

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

Company Management and Associated Services

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

Corporate and Related Matters – Cayman Islands

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

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.

Companies - Summary Table

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

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.

Company Formation - BVI

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

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.

Company Closure - BVI

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

Company Closure - Cayman Islands

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

Crew

Crew Payroll and other Crew Services

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

Crew Licensing

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

Marine Casualties

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

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.

Insurance

Statutory Insurance

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

Insurance Considerations for Larger Marine Vessels

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

Insurance Services – Summary

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

Maritime – Merchant Shipping and General

Maritime Consultancy

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

Surveys and Certification

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

Ship Registration Considerations

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

Registration Procedure - Cayman Islands

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

Registration Procedure - Marshall Islands

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

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...

Registration Procedure – BVI

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

Registration Procedure – Jamaica

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

Demise Charter Registration – Cayman Islands

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

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...

Ship Financing

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

Maritime Administrative and Accounting Services

Administrative services cover a range of areas.

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..

Mortgages

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

Qualifications to Own a Cayman Registered Vessel

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

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

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

CLC Fund and Bunkers

Limitation of Liability

Maritime Labour

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

Maritime Safety

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

Maritime Security

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

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).

Pollution Prevention

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

Standards of Training, Certification and Watchkeeping

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

Wreck and Salvage

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

Treaty Issues – Shipping – Cayman Islands

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

International Conventions - Summary List

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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Topic

Aircraft

Corporate

Crew

Insurance

Maritime – Merchant Shipping and General

Maritime Conventions and Treaties

Yachts