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Marshall Islands yacht registration

Marshall Islands Maritime Registry

What Marshall Islands Maritime Registry publishes about registering a yacht on the Marshall Islands register.

Register
Marshall Islands Maritime Registry
Official registry site
www.register-iri.com

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Common questions

How much does it cost to register a yacht in the Marshall Islands?Link to this section

The initial registration fee is the charge the Marshall Islands Maritime Registry sets in the Maritime Administrator's Marine Notice on consolidated yacht fees, including the Permanent Certificate of Registry: Registration runs US$550 for private yachts under 24 m and US$1,500 to US$1,800 for larger and commercial yachts.RMI Marine Notice 1-005-2, Consolidated Fees for Official Yacht Documents and Services, Rev. Jul/2025, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §1.1Retrieved 2026-08-12Effective 2025-01-01Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information. The same Notice sets the recurring charges, which are additional to the annual tonnage tax and which private yachts do not pay: Recurring charges include a US$1,000 yacht service fee and a US$250 security fee; private yachts pay neither.RMI Marine Notice 1-005-2, Consolidated Fees for Official Yacht Documents and Services, Rev. Jul/2025, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §12.2, fee columnRetrieved 2026-09-12Effective 2025-01-01Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information. Annual tonnage tax replaces per-voyage tonnage dues: Annual tonnage tax runs US$750 to US$1,250, banded by yacht category and gross tonnage.RMI Marine Notice 1-005-2, Consolidated Fees for Official Yacht Documents and Services, Rev. Jul/2025, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §1.2Retrieved 2026-08-12Effective 2025-01-01Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information. WhichFlagToFly lists each line with its source and check date in the Marshall Islands fee rows.

Can a foreigner register a yacht in the Marshall Islands?Link to this section

Yes, through a qualified entity: the Maritime Act, as the Maritime Administrator's vessel registration publication sets out, requires ownership by a Marshall Islands citizen, national or qualified foreign maritime entity, with beneficial owners vetted: Ownership is limited to RMI citizens, nationals and qualified foreign maritime entities, and every beneficial owner holding 25% or more is vetted.MI-100, Vessel Registration and Instrument Recording, May/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §8.1.1Retrieved 2026-08-29Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information. Vessel eligibility under the same publication admits yachts subject to an age rule with a waiver: Vessels must be no more than 20 years old at registration unless the Administrator grants an age waiver.MI-100, Vessel Registration and Instrument Recording, May/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §§3.1.1, 3.2.1Retrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information. The Marshall Islands eligibility rows carry the section references.

How long does it take to register a yacht in the Marshall Islands?Link to this section

Provisional registration is the initial navigational document the Marshall Islands Maritime Registry issues under the Maritime Act to a newbuilding or a vessel transferring in: A Provisional Certificate of Registry runs 12 months; a newbuilding may instead hold a Construction Certificate.MI-100, Vessel Registration and Instrument Recording, May/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §10.1Retrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information. Full registration follows inside that provisional period, and the Maritime Administrator's FAQs publish a turnaround for the first step: A provisional certificate can issue in one business day, and the permanent one follows inside its 12 months once class and insurance are in place.MI-100, Vessel Registration and Instrument Recording, May/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §10.5.1Retrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information. The Marshall Islands timeline row carries the FAQ wording.

Is there VAT on a yacht registered in the Marshall Islands?Link to this section

No. The Republic of the Marshall Islands has enacted a Consumption Tax Act instead: There is no VAT; a 12% consumption tax applies to supplies and imports from 1 October 2026.Consumption Tax Act 2025, 48 MIRC Chapter 9 (P.L. 2025-47), commencement 7 October 2025, Nitijela of the Republic of the Marshall Islands, as published at rmiparliament.orgrmiparliament.org · §959(2)Retrieved 2026-08-18Effective 2026-10-01Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information. That tax is charged on an import on this basis: In the Marshall Islands the importer pays consumption tax on customs value plus insurance, freight and duties; EU import VAT is built the same way.Consumption Tax Act 2025, 48 MIRC Chapter 9 (P.L. 2025-47), commencement 7 October 2025, Nitijela of the Republic of the Marshall Islands, as published at rmiparliament.orgrmiparliament.org · §908(3)Retrieved 2026-08-18Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information. Chartering in the EU under Yacht Engaged in Trade status without Temporary Admission calls for evidence the Maritime Administrator's guideline names: Chartering in the EU without Temporary Admission requires a VAT paid certificate, arranged through the Importer/Exporter.RMI Marine Guideline 1-11-2, Yacht Engaged in Trade, Mar/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §2.3.1Retrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information. The Marshall Islands VAT rows carry each source.

Can a Marshall Islands yacht be chartered?Link to this section

Yes. The RMI Yacht Code issued by the Maritime Administrator recognizes several yacht regimes, including a limited charter route for private yachts: Five yacht regimes exist: private, commercial, private yacht limited charter, yacht engaged in trade, and passenger yacht.MI-103, the RMI Yacht Code, Rev. May/2026, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · Ch. I, DefinitionsRetrieved 2026-08-29Effective 2026-01-01Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information. Yacht Engaged in Trade status lets a private yacht charter for a capped number of days where coastal states allow, as the Administrator's Marine Guideline sets out: A private yacht of 24 m or more may charter up to 84 days a year under Yacht Engaged in Trade status, where coastal states allow.RMI Marine Guideline 1-11-2, Yacht Engaged in Trade, Mar/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · PurposeRetrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information. The Marshall Islands charter row quotes the Guideline.

Is the Marshall Islands on the Paris MoU white list?Link to this section

The Paris Memorandum of Understanding on Port State Control weighs a flag's detentions against the inspections its ships attract in member ports over three years. Where the Marshall Islands flag is placed, and the size of the fleet the Maritime Administrator runs, are set out below. The Marshall Islands port state control row names the report.

Measure, Published position
MeasurePublished position
Paris MoU flag performance listThe Marshall Islands flag is on the Paris MoU White List, ranked 21 of 69, with 5,166 inspections and 167 detentions.Performance Lists, Paris MoU Annual Report 2025 (published 1 July 2026), Paris Memorandum of Understanding on Port State Controlparismou.orgRetrieved 2026-08-18Effective 2026-07-01Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Size of the registerThe RMI register carries 1,440 yachts, up from 1,366 two months earlier, inside a total fleet of 6,652 vessels and 221,369,700 gross tons.Fleet Statistics and Port State Control, A4 flyer, August 2026, reporting the fleet through 31 July 2026, The Marshall Islands Registry, published by International Registries, Inc. in affiliation with the Marshall Islands Maritime and Corporate Administratorswww.register-iri.com · Fleet Types tableRetrieved 2026-09-01Effective 2026-07-31Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.

Does a yacht need a survey to register in the Marshall Islands?Link to this section

Pre-registration inspection is scaled to the yacht rather than applied flat, and the code above it is the Republic's own rather than a borrowed one. What the Maritime Administrator requires by marine notice: Pre-registration inspection depends on length, tonnage and class; every private yacht over 20 years old must be inspected.RMI Marine Notice 2-011-55, Surveys and Certificates for Private Yachts, Rev. Mar/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §4.0Retrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information. The yacht code that then applies: The RMI applies its own Yacht Code, submitted to the IMO as an equivalent arrangement, not a UK code.MI-103, the RMI Yacht Code, Rev. May/2026, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · Ch. I §1.7Retrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information. The Marshall Islands survey row carries the notice.

How do I transfer a yacht to the Marshall Islands from another flag?Link to this section

Entry and deletion are governed by the same Maritime Act: one opens a certificate of registry, the other closes it once dues are settled. What the Marshall Islands Maritime Registry asks of an incoming yacht: A private-use declaration, registration application, insurance, class certificates and proof of ownership are due by registration day.MI-242PY, Requirements for Private Yacht Registration 24m and more (Classed and Unclassed Yachts), Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · Application/Documentation/RequirementsRetrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information. What it requires before deletion: Deletion follows sale or scrapping, once all tonnage taxes, Marshall Islands International Participation (MIIP) fees and Marine Services fees are paid.MI-100, Vessel Registration and Instrument Recording, May/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §17.0Retrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information. The Marshall Islands document row lists each paper.

How should an owner choose whether to flag a yacht in the Marshall Islands?Link to this section

Three inputs decide whether the Marshall Islands Maritime Registry fits a yacht: whether the owner can hold it through a qualified entity and accept the Maritime Administrator's beneficial-owner vetting; whether it will charter, and under which of the RMI Yacht Code regimes; and where it will cruise and clear customs. An owner sets those beside the Registry's positions with a professional.

Registration

Registration details for Marshall Islands Maritime Registry
ItemAnswer
Who may own a registered vesselOwnership is limited to RMI citizens, nationals and qualified foreign maritime entities, and every beneficial owner holding 25% or more is vetted.MI-100, Vessel Registration and Instrument Recording, May/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §8.1.1Retrieved 2026-08-29Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Which vessels qualifyVessels must be no more than 20 years old at registration unless the Administrator grants an age waiver.MI-100, Vessel Registration and Instrument Recording, May/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §§3.1.1, 3.2.1Retrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Private and commercial regimesFive yacht regimes exist: private, commercial, private yacht limited charter, yacht engaged in trade, and passenger yacht.MI-103, the RMI Yacht Code, Rev. May/2026, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · Ch. I, DefinitionsRetrieved 2026-08-29Effective 2026-01-01Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Initial registration feeRegistration runs US$550 for private yachts under 24 m and US$1,500 to US$1,800 for larger and commercial yachts.RMI Marine Notice 1-005-2, Consolidated Fees for Official Yacht Documents and Services, Rev. Jul/2025, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §1.1Retrieved 2026-08-12Effective 2025-01-01Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Annual feeRecurring charges include a US$1,000 yacht service fee and a US$250 security fee; private yachts pay neither.RMI Marine Notice 1-005-2, Consolidated Fees for Official Yacht Documents and Services, Rev. Jul/2025, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §12.2, fee columnRetrieved 2026-09-12Effective 2025-01-01Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Tonnage duesAnnual tonnage tax runs US$750 to US$1,250, banded by yacht category and gross tonnage.RMI Marine Notice 1-005-2, Consolidated Fees for Official Yacht Documents and Services, Rev. Jul/2025, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §1.2Retrieved 2026-08-12Effective 2025-01-01Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Provisional registrationA Provisional Certificate of Registry runs 12 months; a newbuilding may instead hold a Construction Certificate.MI-100, Vessel Registration and Instrument Recording, May/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §10.1Retrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Time to full registrationA provisional certificate can issue in one business day, and the permanent one follows inside its 12 months once class and insurance are in place.MI-100, Vessel Registration and Instrument Recording, May/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §10.5.1Retrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Mortgage registrationPreferred ship mortgages recorded through any Regional Office rank ahead of all claims except tort, crew wages, general average, salvage and court costs.MI-100, Vessel Registration and Instrument Recording, May/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §18.0Retrieved 2026-08-29Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Survey requirementsPre-registration inspection depends on length, tonnage and class; every private yacht over 20 years old must be inspected.RMI Marine Notice 2-011-55, Surveys and Certificates for Private Yachts, Rev. Mar/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §4.0Retrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
MCA code equivalentsThe RMI applies its own Yacht Code, submitted to the IMO as an equivalent arrangement, not a UK code.MI-103, the RMI Yacht Code, Rev. May/2026, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · Ch. I §1.7Retrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Charter permissionsA private yacht of 24 m or more may charter up to 84 days a year under Yacht Engaged in Trade status, where coastal states allow.RMI Marine Guideline 1-11-2, Yacht Engaged in Trade, Mar/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · PurposeRetrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Crew certification requirementsYachts of 80 GT and over need a Minimum Safe Manning Certificate, and all need certified crew; private yachts are exempt unless chartering or 3,000 GT or more from 1 September 2024.MI-103, the RMI Yacht Code, Rev. May/2026, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · Ch. II §1.8Retrieved 2026-09-01Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Maritime Labour Convention applicabilityChartering yachts of any tonnage must meet MLC 2006, and carry a Maritime Labour Certificate from 500 GT; private yachts sit outside it.MI-103, the RMI Yacht Code, Rev. May/2026, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · Ch. II §1.13.1-1.13.2Retrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Paris MoU standingThe Marshall Islands flag is on the Paris MoU White List, ranked 21 of 69, with 5,166 inspections and 167 detentions.Performance Lists, Paris MoU Annual Report 2025 (published 1 July 2026), Paris Memorandum of Understanding on Port State Controlparismou.orgRetrieved 2026-08-18Effective 2026-07-01Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Documents requiredA private-use declaration, registration application, insurance, class certificates and proof of ownership are due by registration day.MI-242PY, Requirements for Private Yacht Registration 24m and more (Classed and Unclassed Yachts), Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · Application/Documentation/RequirementsRetrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Renewal cycleThe permanent certificate never expires; only the annual tonnage tax and yearly service fees recur.MI-100, Vessel Registration and Instrument Recording, May/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §10.5.5Retrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Deregistration processDeletion follows sale or scrapping, once all tonnage taxes, Marshall Islands International Participation (MIIP) fees and Marine Services fees are paid.MI-100, Vessel Registration and Instrument Recording, May/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §17.0Retrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Register sizeThe RMI register carries 1,440 yachts, up from 1,366 two months earlier, inside a total fleet of 6,652 vessels and 221,369,700 gross tons.Fleet Statistics and Port State Control, A4 flyer, August 2026, reporting the fleet through 31 July 2026, The Marshall Islands Registry, published by International Registries, Inc. in affiliation with the Marshall Islands Maritime and Corporate Administratorswww.register-iri.com · Fleet Types tableRetrieved 2026-09-01Effective 2026-07-31Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Red Ensign Group membershipNot a member of the Red Ensign Group, whose published membership is the United Kingdom, the Crown Dependencies and the UK Overseas Territories that operate shipping registers.Red Ensign Group, 'Who we are' (About the Red Ensign Group), redensigngroup.orgwww.redensigngroup.org · Who we are, membership paragraph and both category listsRetrieved 2026-09-09Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.

VAT & importation

VAT & importation details for Marshall Islands Maritime Registry
ItemAnswer
VAT rateThere is no VAT; a 12% consumption tax applies to supplies and imports from 1 October 2026.Consumption Tax Act 2025, 48 MIRC Chapter 9 (P.L. 2025-47), commencement 7 October 2025, Nitijela of the Republic of the Marshall Islands, as published at rmiparliament.orgrmiparliament.org · §959(2)Retrieved 2026-08-18Effective 2026-10-01Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Basis for VAT on importIn the Marshall Islands the importer pays consumption tax on customs value plus insurance, freight and duties; EU import VAT is built the same way.Consumption Tax Act 2025, 48 MIRC Chapter 9 (P.L. 2025-47), commencement 7 October 2025, Nitijela of the Republic of the Marshall Islands, as published at rmiparliament.orgrmiparliament.org · §908(3)Retrieved 2026-08-18Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Temporary admission rulesNon-EU owned yachts may enter EU waters under Temporary Admission for up to 18 months.RMI Marine Guideline 1-11-2, Yacht Engaged in Trade, Mar/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §2.3.1(b)Retrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Leasing scheme statusThe Marshall Islands has no yacht-leasing scheme, and no relief turns on how a vessel is owned or financed.Import Duties Act 1989, 48 MIRC Chapter 2 (P.L. 1989-49, as amended), Nitijela of the Republic of the Marshall Islands, as published at rmiparliament.orgrmiparliament.org · §206(1)Retrieved 2026-08-27Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Commercial exemption pathsThe EU high-seas exemption is the route; the Marshall Islands grants no relief for importing a vessel.Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax, Articles 148 and 150, consolidated text of 1 January 2025 (02006L0112, EN, 01.01.2025, 029.001), EUR-Lexeur-lex.europa.eu · Art. 148(a)Retrieved 2026-08-18Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Evidence of VAT-paid statusChartering in the EU without Temporary Admission requires a VAT paid certificate, arranged through the Importer/Exporter.RMI Marine Guideline 1-11-2, Yacht Engaged in Trade, Mar/2024, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §2.3.1Retrieved 2026-08-12Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Returned goods relief after BrexitA boat regains Union status if re-imported within three years, unchanged, by the person who exported it.Guidance Note for Pleasure Craft, TAXUD.A.1.003/EC, 30 April 2026, European Commission, Directorate-General for Taxation and Customs Uniontaxation-customs.ec.europa.eu · Q7Retrieved 2026-08-18Effective 2026-04-30Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.

Yacht management

Yacht management: market norms that apply whichever register you choose
ItemAnswer
Fee modelManagement houses typically charge a fixed monthly retainer scaled to the yacht's size (market guidance puts it at roughly €1,500 to 15,000 or more a month by size) or a share of the operating budget, with charter management charged separately at typically 15 to 20 percent of charter revenue.breezeYachting.swiss - Professional Yacht Management Companies and Their Feeswww.breezeyachting.swissRetrieved 2026-09-01Effective 2025-10-25Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Fleet size under managementEstablished management houses typically run fleets of roughly a dozen to 80 yachts, with an industry average of about 24 under management.SuperyachtNews / The Superyacht Group - The Superyacht Management Reportwww.superyachtnews.comRetrieved 2026-09-01Effective 2017-06-12Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
ISM document of compliance holderISM applies to commercial yachts of 500 GT and up and to passenger yachts of any tonnage; the owner's chosen recognized organization (RO) issues the Document of Compliance (DOC) for the RMI.Marine Notice MN 2-011-13, International Safety Management (ISM) Code, Oct/2023, Maritime Administrator, Republic of the Marshall Islandswww.register-iri.com · Administrator’s ApplicationRetrieved 2026-08-27Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Crew payroll servicesCrew payroll administration is a standard part of a full management mandate, normally run through a dedicated MLC-compliant crew employment company rather than the owning entity.Fraser - Yacht Management Serviceswww.fraseryachts.comRetrieved 2026-09-01Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Jurisdictions servedManagement houses routinely operate across multiple flag states, holding Documents of Compliance from several administrations rather than tying owners to one register.Fraser - Yacht Management Serviceswww.fraseryachts.comRetrieved 2026-09-01Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.

Marine insurance

Marine insurance details for Marshall Islands Maritime Registry
ItemAnswer
Wreck removal insuranceThe Marshall Islands has ratified the Nairobi Wreck Removal Convention and operates its compulsory wreck-removal insurance regime.Status of IMO Treaties, summary of status of conventions ('x-Status.xlsx'), as at 25 August 2026, International Maritime Organizationwwwcdn.imo.org · NAIROBI WRC 2007, section II (Contracting States), p. 572Retrieved 2026-08-28Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Passenger liability regimeThe Marshall Islands has ratified the 2002 Athens Protocol on passenger liability at sea and has denounced the 1974 Convention it replaced.Status of IMO Treaties, summary of status of conventions ('x-Status.xlsx'), as at 25 August 2026, International Maritime Organizationwwwcdn.imo.org · PAL PROT 2002, section II (Contracting States), p. 372Retrieved 2026-08-28Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.

Crew placement

Crew placement: market norms that apply whichever register you choose
ItemAnswer
Placement fee modelCrew agencies charge the yacht, not the crew member: typically about one month's gross salary for a permanent placement and 20 percent of earnings for temporary work.Northrop and Johnson Crew Services - Terms and Conditions (2023)cdn.northropandjohnson.com · FeesRetrieved 2026-09-01Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Crew pool coverageOn published figures, the main crew agencies each hold databases of roughly 40,000 to 50,000 registered candidates, so coverage is effectively global and differentiation is about screening, not database size.The Crew Network (Fraser) - Looking for Crewwww.crewnetwork.comRetrieved 2026-09-01Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
MLC compliance supportChartering yachts of any tonnage are MLC ships for the RMI; the Administrator issues the DMLC Part I and the owner picks who certifies.Marine Notice MN 2-011-33, Maritime Labour Convention, 2006, Inspection and Certification Program, Jul/2024, Maritime Administrator, Republic of the Marshall Islandswww.register-iri.com · §ERetrieved 2026-08-27Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Payroll administration offeredCrew agencies commonly offer payroll administration as an add-on to placement, usually bundled with MLC-compliant employment contracts, tax withholding and visas.Fraser - Yacht Crew Recruitment (The Crew Network)www.fraseryachts.comRetrieved 2026-09-01Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Notice and replacement termsAgencies typically guarantee a free replacement if a permanent crew member leaves within 60 to 90 days, with the leading houses extending that to 180 days.Northrop and Johnson Crew Services - Terms and Conditions (2023)cdn.northropandjohnson.com · Replacement guaranteeRetrieved 2026-09-01Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.

Refit & yard works

Refit & yard works: market norms that apply whichever register you choose
ItemAnswer
Yard network coverageRefits are routed to a handful of established yard clusters in the Mediterranean, northern Europe, Turkey and the US, with the owner's team tendering the specification across several yards.Hill Robinson - Why Palma is still a leading hub for superyacht refit and maintenancehillrobinson.comRetrieved 2026-09-01Effective 2026-02-25Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Project management modelThe market standard is a dedicated owner's representative or project manager, independent of the yard, running the refit from specification through tender and on-site supervision to redelivery.Superyacht Partners - Yacht Refit Management Serviceswww.superyachtpartners.comRetrieved 2026-09-01Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Refit fee structureAs a market estimate, refit project management is charged as a percentage of contract value, about 4 to 8 percent on the one published example (€200,000 to 400,000 on a €5 million refit), or on a day rate for shorter jobs.The First Owner's Reference - Superyacht refit cost: when to refit, when to sellfirstownersreference.com · 06 RefitRetrieved 2026-09-01Effective 2026-05-01Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Survey oversight offeredIndependent survey oversight during a refit is a standard offering, with milestone inspections tied to payment stages and a handover inspection at redelivery.Yacht Designers and Surveyors Association (YDSA) - Types of Surveywww.ydsa.co.uk · Supervision of Construction or RepairsRetrieved 2026-09-01Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Warranty handlingRefit yards typically warrant materials and workmanship for twelve months from redelivery, with outstanding items tracked on a snag list and a retention held until they are closed.Gard (P&I club) - Warranty claims in shipbuilding contractsgard.no · Recommendations and checklistsRetrieved 2026-09-01Effective 2015-03-25Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.

Pre-buy survey

Pre-buy survey: market norms that apply whichever register you choose
ItemAnswer
Survey scope optionsA pre-purchase survey is normally a full condition survey of hull, machinery and systems, with sea trial, haul-out, engine survey, rig, oil analysis and ultrasonic gauging as separately priced extras.Yacht Designers and Surveyors Association (YDSA) - Types of Surveywww.ydsa.co.ukRetrieved 2026-09-01Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Survey fee structureSurveyors typically charge per foot on smaller yachts (one published US rate card is US$28 to 30 per foot), moving to day rates or a fixed fee on superyachts, with haul-out, travel and lab testing billed separately.Boston Marine Surveyors - published rate cardbostonmarinesurveyors.com · RatesRetrieved 2026-09-01Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Time to survey reportSurveyors typically deliver the written report within three to five business days of the inspection, after a verbal debrief on the day.Capt. F.K. Lanier and Associates - Marine Survey FAQcaptfklanier.com · FAQ-7Retrieved 2026-09-01Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Class records reviewOn large yachts a review of class records, survey status and flag certificates is standard scope alongside the physical survey.JMS Yachting - Superyacht Pre-Purchase Surveywww.jmsyachting.com · Onboard documentation auditRetrieved 2026-09-01Effective 2025-09-03Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Sea trial attendanceSea trial attendance is standard on a pre-purchase survey, though whether it is inside the quoted fee or billed separately varies by surveyor.Boston Marine Surveyors - published rate cardbostonmarinesurveyors.com · RatesRetrieved 2026-09-01Corroborating source, not the register's own publicationOpen sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.

Ownership structuring

Ownership structuring details for Marshall Islands Maritime Registry
ItemAnswer
Owning company minimum capitalNo minimum capital applies; a standard company is 500 shares without par value, and authorized capital above that band draws a one-off capitalization tax.Associations Law of the Republic of the Marshall Islands, Business Corporations Act, courtesy copy published by the RMI Registrar of Corporations through the December 2020 session (183 pages), Republic of the Marshall Islands Registrar of Corporationswww.register-iri.com · §28(e)Retrieved 2026-08-29Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Beneficial ownership disclosureOwners are named in a private company record and to the flag at registration, never in a public register; the Registrar gets only an annual attestation.Associations Law of the Republic of the Marshall Islands, Business Corporations Act, courtesy copy published by the RMI Registrar of Corporations through the December 2020 session (183 pages), Republic of the Marshall Islands Registrar of Corporationswww.register-iri.com · §80(3)(b)Retrieved 2026-08-29Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.

Crew employment & payroll

Crew employment & payroll details for Marshall Islands Maritime Registry
ItemAnswer
Seafarer employment agreementsA yacht that charters must give every seafarer a signed written agreement with at least seven days' notice plus Shipping Articles on the Administrator's official form; a purely private yacht, being outside the MLC, is not held to that regime.MI-108, RMI Maritime Regulations, Rev. Mar/2026, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §7.45.1(c)Retrieved 2026-09-01Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
Crew social securityThe RMI has declared five MLC branches: medical care, sickness, unemployment, employment injury and survivors' benefit, and there is no state scheme: the shipowner carries the cover, including at least US$10,000 death compensation, secured by protection and indemnity (P&I) cover, insurance or a bond.MI-108, RMI Maritime Regulations, Rev. Mar/2026, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · §7.42Retrieved 2026-09-01Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.

Compliance (ISM/ISPS/MLC)

Compliance (ISM/ISPS/MLC) details for Marshall Islands Maritime Registry
ItemAnswer
Commercial yacht code appliedThe RMI Yacht Code applies to commercial yachts of any tonnage; private yachts of 18 m and over may use a limited-charter regime.MI-103, the RMI Yacht Code, Rev. May/2026, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · Ch. I §2.1.2Retrieved 2026-08-29Effective 2026-01-01Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
ISM Code applicabilityThe full ISM Code applies at 500 GT and above; under 500 GT a mini-ISM system is required for commercial certification.MI-103, the RMI Yacht Code, Rev. May/2026, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · Ch. II §1.11.1Retrieved 2026-08-28Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.
ISPS Code applicabilityYachts of 500 GT and over must meet the ISPS Code and carry an International Ship Security Certificate.MI-103, the RMI Yacht Code, Rev. May/2026, Republic of the Marshall Islands Maritime Administratorwww.register-iri.com · Ch. II §1.12.1Retrieved 2026-08-28Open sourceInformational only, not legal, tax or financial advice. Contact a qualified professional for current information.

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