Pensum is the trusted specialist in vessel registration, whether it be a straightforward yacht or a highly complex ship transaction involving multiple jurisdictions. Because of our extensive expertise in the field, we well understand the operation of maritime administrations and how to liaise with them in upholding an owner’s rights and interests.
We are also able to help owners, captains, attorneys, brokers, managers and agents resolve issues as and when they arise, both with initial ownership structures and with ongoing operation. In addition to the companies we manage or represent, we are able to assist others on a consultancy basis.
Qualifications to own vary from flag to flag. In the Cayman Islands, for example, nationals or bodies corporate from 126 jurisdictions qualify. Because the issues can be complex, we normally consult with clients before they proceed to register.
Vessels are subject to the laws of the flag state except where subject to the laws of a coastal state whilst in that state’s inland waters to the extent that rights under the UN Convention on the Law of the Sea have been asserted by that coastal state. In turn, both flag state and coastal state are subject to international law inherent in any applicable maritime conventions. Issues pertaining to regulation are set out in the related resources below. We can consult on any regulatory issues that may arise.
A yacht that is registered in a US state, such as Delaware, has no protections at all once it operates outside that state’s waters. It has no nationality and none of the rights and protections under international conventions. This makes it vulnerable to boarding, possession and appropriation by coastal state authorities plus myriad other problems. To understand the issues, contact us.
Most offshore practitioners are not specialists in maritime law or maritime administration.See More
In respect of survey, certification and code compliance, we can liaise between flag surveyors..See More
The Cayman Islands Shipping Registry is a Category 1 British registry, the highest level possible,See More
Today, the Cayman Islands have the world’s foremost shipping registry for megayachts,See More
The following need to be done for registration purposes. Surveys for certification are covered elsewhere.See More
The shipping and company registries of the Republic of the Marshall Islands (RMI) are operated by International Registries, Inc.See More
In 2007, the BVI joined Bermuda, Cayman Islands, Gibraltar, Isle of Man and the United Kingdom to become a Category.See More
Jamaica, located approximately 90 miles south of Cuba, is about 280 miles long by 80 miles..See More
For those who are unfamiliar with the concept, demise charter registration is a process that allows a demise charterer..See More
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...See More
Unlike many jurisdictions, the Cayman Islands has a registration regime for submersible craft and this is contained in Part VIII of its Merchant..See More
Nationals, bodies corporate or shipping entities from an EU or EEA state or Schedule 3 territories...See More
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 thanSee More
The term, “pleasure yacht”, is cited in three maritime conventions, STCW, Load Line and SOLAS,See More
This is a code for equivalence to international convention requirements for the carriage of up to 36 passengers onboard pleasure yachts.See More
Maritime Conventions and TreatiesSee More
After 9-11, the world changed and security, particularly maritime security, became a major concern for governments around the world.See More