Please contact any of our worldwide offices for additional information on the following topics.
HOW LONG HAS THE REPUBLIC OF THE MARSHALL ISLANDS (RMI) YACHT REGISTRY BEEN AROUND?
The yacht registry is in its tenth year and is part of the RMI Maritime Registry, which is over 20 years old. International Registries, Inc. (IRI), which administers the Registry, has over 60 years experience in administering vessel registries. The Yacht Registry has grown at annualized double digit rates since its inception and now has over 500 yachts under flag.
IS IT DIFFICULT TO REGISTER A YACHT WITH THE RMI REGISTRY?
Not at all. If all requisite documents and a vessel survey are available, registration can be completed in 24 hours.
WHERE DO I GO TO REGISTER MY YACHT WITH THE RMI AND WHAT KIND OF SUPPORT CAN I EXPECT FOLLOWING REGISTRATION?
With 20 worldwide offices in major maritime and commercial cities around the globe, the RMI is able to provide same-day service to the yachting community, regardless of location or time zone.
WHAT ARE THE REQUIREMENTS FOR A PRIVATE YACHT TO BE REGISTERED WITH THE RMI?
The Maritime Administrator considers a private yacht to be any pleasure yacht of 12 meters or more in length at waterline, not carrying passengers for hire, nor engaged in trade or commerce, and being used solely for pleasure or recreational purposes and carrying no more than 12 passengers.
DOES THE RMI REGISTRY ALSO ALLOW COMMERCIAL YACHTS TO REGISTER?
Yes. Commercial yachts engaged in trade, commerce or charter that carry no more than 12 passengers and that are of 24 meters or more in length may register provided they meet the Registry’s safety standards.
HOW LONG IS THE REGISTRATION PERIOD?
Yacht owners may register their private yachts with the RMI under either a one- or three-year program.
WHAT WOULD BE MY HOME PORT UNDER A REGISTRATION WITH THE RMI REGISTRY?
Yacht owners are given a choice of either Bikini or Jaluit as the yacht’s home port.
WHAT TYPE OF ENTITY MAY OWN A YACHT?
Yachts may be owned by a RMI corporation, General or Limited Partnership, Limited Liability Company or qualified Foreign Maritime Entity.
WHAT ABOUT CRUISING IN US. WATERS?
Under a reciprocal treaty, private yachts registered in the RMI are eligible to obtain a U.S. cruising permit.
IF MY CRAFT IS REGISTERED AS A PRIVATE YACHT, CAN I STILL CHARTER IT OUT?
Yes. The Registry permits private yachts to be chartered out for up to 84 days in a calendar year, provided that some additional requirements are satisfied.