The procedure of transferring the ownership of a UK registered yacht, whether pleasure or commercial is simple and fast. Upon the sale of the yacht, the new owner can choose to keep the yacht UK registered.

 

The following documents must be submitted to the Registry along with the appropriate fee to complete the change of ownership.

 

Commercial Yachts Registered on Part 1 of the UK Ship Register

 

  • Original Certificate of British Registry
  • Bill of Sale

 

    • If there is a mortgage outstanding against the transferor, the yacht ownership can still be registered, provided that this is indicated on the bill of sale form. It is important to note that the new owner does not take an ownership of the existing mortgage. The mortgage will merely remain on the register as historic in the name of the transferor.
  • Declaration of eligibilityto be completed in full and, the property in a ship is divided into 64 shares
  • A UK representative must be appointed if none of the owners making up the majority interest resides in the UK
  • Certificate of Incorporationif the registering owner is a registered company
  • Valid coding certificate completed by a class/certifying authority, for all commercial yachts under 24m.

 

  • For a commercial yacht over 24m a large yacht certificate issued by Ensign is required. The certificate must be in the name of the new owner or the managing agent.

 

 

Pleasure Yachts Registered on Part 1 of the UK Ship Register

 

  • Original Certificate of British Registry
  • Bill of Sale

 

    • If there is a mortgage outstanding against the transferor, the yacht ownership can still be registered, provided that this is indicated on the bill of sale form. It is important to note that the new owner does not take an ownership of the existing mortgage. The mortgage will merely remain on the register as historic in the name of the transferor.
  • Declaration of eligibilityto be completed in full and, the property in a ship is divided into 64 shares
  • A UK representative must be appointed if none of the owners making up the majority interest resides in the UK
  • Certificate of Incorporationif the registering owner is a registered company

 

There is no requirement to submit any KYC documents to support the change of ownership.

The overall procedure for the change of ownership can be completed in 7-10 working days or 1-3 working days maximum if the owner chooses premium processing.

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Yacht Registration Centre, Y.R.C

15 Agiou Pavlou
Nicosia - 1105
Cyprus

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Phone: +357 22 55 66 77
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