ONBOARD Magazine autumn 2023
ONBOARD is aimed purely at the superyacht professional – whether onboard or shoreside. 100% of your spend will hit your targets on the Mediterranean from Palma in Mallorca, Barcelona, through France to Genoa and beyond together with Montenegro and the Aegean, plus the eastern seaboard of Florida. We hand deliver every copy to superyachts over 30m to make sure your message gets in to the hands of the decision makers on board. The publication is also delivered to relevant businesses around the ports and marinas together with shipyards. We also attend the major yacht shows in Monaco, FLIBS, METS, Boote Dusseldorf, Palma and MYBA for on site distribution. Plus, we post over 500 copies to relevant businesses not on the Mediterranean such as the UK, the Netherlands, Germany the rest of northern Europe and of course the USA and Caribbean. We work hard to develop a publication that all the crew and land based decision makers will read from cover to cover. An enjoyable and informative read for everyone means your message will be read. Talking about your brand, product, services and your team is essential and with our help, the message hits the right decision makers.
ONBOARD is aimed purely at the superyacht professional – whether onboard or shoreside. 100% of your spend will hit your targets on the Mediterranean from Palma in Mallorca, Barcelona, through France to Genoa and beyond together with Montenegro and the Aegean, plus the eastern seaboard of Florida. We hand deliver every copy to superyachts over 30m to make sure your message gets in to the hands of the decision makers on board.
The publication is also delivered to relevant businesses around the ports and marinas together with shipyards. We also attend the major yacht shows in Monaco, FLIBS, METS, Boote Dusseldorf, Palma and MYBA for on site distribution. Plus, we post over 500 copies to relevant businesses not on the Mediterranean such as the UK, the Netherlands, Germany the rest of northern Europe and of course the USA and Caribbean.
We work hard to develop a publication that all the crew and land based decision makers will read from cover to cover. An enjoyable and informative read for everyone means your message will be read.
Talking about your brand, product, services and your team is essential and with our help, the message hits the right decision makers.
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RIGGING<br />
THE RIGHT<br />
REGISTRY<br />
It’s not just about the vibrant colours flying off the transom,<br />
the flag you choose needs to satisfy a host of pre-requisites<br />
for the owner, crew and specific usage of the yacht, so how<br />
do you select the right one?<br />
Words: Claire Griffiths<br />
While people are born to a country and under a specific<br />
flag, boats have nation states thrust upon them.<br />
For a lot of very different reasons, our national flags<br />
might kindle feelings of pride, patriotism, fidelity<br />
and a good scoop of sentimentality. But with the yachts it should<br />
be a stony heart that chooses; based on legal, financial and<br />
practical considerations. So what are the considerations yacht<br />
owners need to make before they nail a colour to their masts?<br />
HEAD OVER HEART<br />
Toby Brooks is Deputy Director at the Isle of Man Ship Registry,<br />
says, “There is much to consider with yacht registration over<br />
and above simply where the yacht owner intends to be cruising.<br />
Amongst many variances, the choice of flag and range of registry<br />
options may affect the taxes the owner will pay during purchase<br />
and operation of the yacht, impose limitations in whose waters<br />
it may sail, determine how the yacht is crewed and ultimately<br />
influence how often authorities may board and inspect the<br />
yacht.” British ‘Red Ensign’ nations are among the most popular<br />
flags for yacht registration. Bermuda, Gibraltar, Isle of Man<br />
and Cayman Islands are all category 1 International Red Ensign<br />
registries. These jurisdictions are favoured for their tax rates,<br />
ease of administration, favourable local corporate tax laws, and<br />
full adherence to Port State Control (PSC) requirements. They<br />
also allow the yacht to operate under the Temporary Admission<br />
scheme, which allows a non-European owned vessel to operate<br />
for 18 months without the vessel being subject to custom<br />
duties or the EU VAT.<br />
“Choosing a flag registry means also choosing a country and all<br />
it has to offer,” so says Dylan Vloëbergh-Lair, from the French<br />
International Registry (RIF).<br />
Stephen Keenan reminds us that at the Bahamas Maritime<br />
Agency (BMA) it is important to check the registry’s Port State<br />
Control record, check how agile the registry is and whether it<br />
202 | AUTUMN <strong>2023</strong> | <strong>ONBOARD</strong>
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