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Flag of St. Vincent and the Grenadines

 

The registration of vessels under the Flag of St. Vincent and the Grenadines is governed by the Merchant Shipping Act, 1982, as amended by the 2004 Shipping Act, and the Wreck and Salvage Act (Act 55 of 1989).

 

As of 2003, the registry contained a total of 704 ships (1,000 GRT or over) of 5,967,418 GRT/9,041,023 DWT. By type, there are: bulk 120, cargo 346, chemical tanker 19, combination bulk 10, combination ore/oil 1, container 51, liquefied gas 5, livestock carrier 4, multi-functional large load carrier 4, passenger 8, TankerShips 31, refrigerated cargo 45, RoRo 42, short-sea/passenger 9, specialized tanker 8, vehicle carrier 1.

 

Characteristics of the St Vincent and the Grenadines flag are as follows:

 

low company formation and ship registration costs;

no restrictions on the nationality of the ship owner, the master, officers and crew;

no restrictions or taxation on the sale, transfer or mortgaging of SVG registered ships;

no trading restrictions and preferential treatment;

a ship may be registered if it is owned by:

Any individual who is a citizen of St. Vincent domiciled in St. Vincent.

Any body corporate, partnership or other association of individuals registered in accordance with the laws of St. Vincent and the Grenadines and having their main office in St. Vincent.

Any body corporate, partnership or other association of individuals registered according to law in any foreign country, provided that, when the main office is situated outside St. Vincent, a Registered Agent in St. Vincent is appointed.

Vessels must not be older than 18 years (15 years for tankers) unless special permission is granted.

Registration requirements are as follows:

 

Application form for Registration completed and signed;

Good Standing Certificate (of the owning company);

A Proof of ownership or copy of notarised of Sale Bill or copy of Purchase Contract or Builder's Certificate (New Ship only);

Certificate of general inspection issued by a Classification Society / confirmation of class (if applicable), or nautical Surveyor. The Classification Society must confirm that the vessel’s class will be retained under the new Ownership/Flag and that the new statutory certificates will be issued after the completion of the necessary surveys;

Continuous Synopsis Records (when I.S.P.S. Code is applicable);

Payment of registration and annual fees;

A Permission for transfer or recent of Register Transcript and/or recent Non-Encumbrance Certificate or Deletion Certificate from the present registry (if applicable);

A copy or photocopy of the existing Tonnage Certificate or Certificate of Measurement (for yachts over 24m);

A copy of ISM Document of Compliance (DOC) of the vessel's operator and a copy of the short term (or interim) SMC or confirmation from the authorised organisation that same is being issued (if applicable);

An Accounting Authority Identification Code (A.A.I.C.) and confirmation from the accounting authority that it will be responsible for the radio traffic accounts (if applicable).

The following Organisations are authorised to issue statutory documents on behalf of St.Vincent & The Grenadines Administration after satisfactory surveys:

 

ABS (American Bureau of Shipping), BV (Bureau Veritas), CCS (China Classification Society), CR (Croatian Register of Shipping), DNV (Det Norske Veritas), RINa (Registro Italiano Navale), HRS (Hellenic Register of Shipping), INSB (International Naval Surveys Bureau), KRS (Korean Register of Shipping), LR (Lloyds Register of Shipping), NKK (Nippon Kaiji Kyokai), RS (Russian Maritime Register of Shipping), PRS (Polish Register of Shipping), and GL (Germanischer Lloyd).

 

Registration fees are as follows:

 

Yachts, Tugboats, Small Crafts, US$400.00;

From 400 to 500 NT, US$500.00;

From 500 to 10,000 NT per NT, US$1.00;

Over 10,000 NT, US$10,000.00.

Annual taxes are as follows:

 

Yachts, Tugboats, Small Crafts, US$160.00;

Bareboat Charter (maximum 4 years) per NT, US$0.50;

501 to 1,000 NT per NT, US$0.40;

1,001 NT to 5,000 NT per NT, US$0.20;

5,001 NT and over per NT, US$0.10.

 

 

 

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