Merchant Shipping (Fees) Regulations 2019

The purpose of the consultation was to consult on proposed changes to the fees which are charged by the Isle of Man Ship Registry. The proposals in the consultation form the basis for new Merchant Shipping (Fees) Regulations 2019 which will revoke and replace the existing Merchant Shipping (Fees) Regulations 2017.

We received one response which stated that, in the view of the respondent, the proposed annual fee for the registration of pleasure yachts was too high and compared unfavourably to other jurisdictions. It was also suggested that we should base the fee upon a yacht’s tonnage rather than length.

The issue raised in respect of the annual fee for pleasure yacht was considered and the Department felt that the proposed fees were appropriate.

The fees Regulations are currently scheduled to be laid before Tynwald for approval at its March sitting.