The following fee structure is specific to private yachts:

1. Annual One (1) Year Registration [Renewable]*

The following is the list of items to be paid when an owner opts for the Annual One (1) Year Registration Program:

(a) For yachts 5,000 gross tons and under:

(b) For yachts over 5,000 gross tons:

· Add US$0.10 for each gross ton over 5,000 gross tons

Note: If the owning entity for the yacht is not in Good Standing with the Republic of the Marshall Islands any outstanding corporate formation fees, foreign maritime entity registration fees, or annual maintenance fees must also be paid at the time of registration.

2. Tri-Annual Three (3) Year Registration [Renewable]*

The following is the list of items that must be paid when an owner opts for the Tri-Annual Three (3) Year Registration Program:

(a) For yachts 5,000 gross tons and under:

(b) For yachts over 5,000 gross tons:

· Add US$0.30 (US$0.10 x 3) for each gross ton over 5,000 gross tons

Note: If the owning entity for the yacht is not in Good Standing with the Republic of the Marshall Islands any outstanding corporate formation fees, foreign maritime entity registration fees, or annual maintenance fees must also be paid at the time of registration.

3. Miscellaneous Expenses:

* Fees are not pro-ratable or refundable irrespective of the length of time the yacht remains in the registry or under its current ownership.