TO: ALL SHIPOWNERS, OPERATORS, MASTERS AND OFFICERS OF MERCHANT SHIPS, AND RECOGNIZED ORGANIZATIONS PURPOSE: This Notice describes the frequency and unique identification code assigned to satellite Emergency Position-Indicating Radio Beacons (EPIRBS) to enable Rescue Coordination Centers (RCCs) responsible for Search and Rescue (SAR) operations to detect and identify vessels in distress and how they differ…

To all Registered Owners, Registered Bareboat Charterers, Managers and Representatives of Ships flying the Cyprus Flag. Subject: International Convention on Standards of Training, Certification and Watchkeeping for Seafarers, STCW 78, as Amended- Issue of Seafarer’s Endorsements Attesting the Recognition of Non Cyprus Certificate I refer to the above subject and I wish to inform you that…

The new guidelines issued by the Cypriot VAT authorities with regards to the registration of yachts, simple to comprehend and apply, make Cyprus one of the most attractive jurisdictions in the EU in this area, reducing the effective VAT rate for yacht registration to as low as 4.37%, through the use of the Yacht Leasing…

On the 29th July 2013, the VAT Department published guidelines in relation to the Malta VAT treatment of short-term yacht charters starting in Malta, which guidelines are largely similar to the interpretation which is applicable to long-term yacht leases. What is a short-term charter agreement of a yacht? A short-term charter of a yacht is an…