A Yacht Engaged in Trade (YET) is a private yacht of 24 meters (m) or more in load line length that is eligible to obtain a valid Temporary Certificate of Registry for YET and which holds a valid YET Compliance Certificate allowing the yacht to be engaged in temporary chartering. YETs are authorized to charter for up to 84 days per calendar year in European Union (EU) waters (currently limited to French and Monegasque waters) and shall carry no more than 12 passengers.
The yacht must comply fully with the requirements of Chapters I (General), II (Commercial Yachts), and V (YETs) of the Code and all other applicable national and international requirements. Compliance with the Code requires the YET to be fully commercially compliant at all times, whether engaged in trade or not, including full commercial compliance with all applicable RMI requirements and international conventions such as the Maritime Labour Convention, 2006 (MLC, 2006), the International Convention for the Safety of Life at Sea (SOLAS), the International Convention for the Prevention of Pollution from Ships (MARPOL), the International Safety Management (ISM) Code , and the International Ship and Port Facility Security Code (ISPS) Code, among others.
- Declaration of Private Use with Intent to Request a Temporary Certificate of Registry for Yacht Engaged in Trade (MI-127YET).
- Application for Minimum Safe Manning Certificate – Yacht (MI-336Y).
- Within 90 days of registration, an Application for Ship Radio Station License (MI-104Y).
- Continuous Synopsis Record (CSR) Amendment forms to be submitted for yachts over 500 GT.
- Confirmation of Class issued by a Classification Society.
- A YET Compliance Certificate (YETCC) issued by an Appointed Representative (AR).
- Copy of LRIT Conformance Test Report for all commercial yachts 300 GT and over.
All YETs, regardless of tonnage/age, shall be certified to comply with the requirements of the Code and must undergo a Compliance Verification by an AR.
Note: See Marine Guideline (MG) 1-11-2, Yacht Engaged in Trade, for guidance on how a private yacht may obtain a Temporary Certificate of Registry for Yacht Engaged in Trade. See MN 2-011-43, Registration of Tenders and Issuance of Tender Statements of Compliance and MN-2-011-53, Conducting Surveys and Issuing International Convention and National Certificates for Commercial Yachts, Passenger Yachts, and Yachts Engaged in Trade for additional guidance.