The RMI Maritime Administrator (the “Administrator”) revised the RMI Yacht Code (the “Code”) to reflect changes in today’s yacht market, not only in terms of the increasing size and complexity of yachts being designed and built, but also to cover recent industry developments such as technological advancements, new international conventions coming into force, and port State control (PSC) inspection of yachts. The Code provides a common sense and practical approach to evolving safety and technical issues while being supported by a strong worldwide yacht technical group. The yacht technical group works with industry stakeholders on a case-by-case basis and is available 24 hours a day, seven days a week.
The RMI allows, through its national legislation and the Code, the registration of private yachts, private yachts limited charter (PYLCs), commercial yachts, and passenger yachts (PAXYs). It also allows for RMI flagged private yachts to charter in French and Monegasque waters without the need for commercial registration by requesting a Temporary Certificate of Registry (CoR) for Yacht Engaged in Trade (YET). The Code, in conjunction with the relevant international conventions to which the RMI is a party, sets the standards and substantial equivalencies for safety, security, pollution prevention, and seafarer accommodations appropriate to the size of the yacht, taking into consideration instances where it is not reasonable or practicable to comply fully with international conventions.
All yachts to which the Code applies must be annually inspected by an Appointed Representative (AR) or Classification Society as applicable, to verify compliance with the Code. The RMI Yacht Compliance Requirements (MI-103A) provide additional guidance on national and international compliance requirements for commercial yachts, PYLCs, PAXYs, YETs, and private yachts.