The Maritime Administration considers a private yacht to be any yacht not carrying passengers for hire, or engaged in trade or commerce, being used solely for pleasure or recreational purposes of its owner and carrying no more than 12 passengers. The registration of private yachts is limited to those of 12 meters or more in length. The Maritime Administrator may consider waiving the minimum size limitations and other requirements for private yachts. The Marshall Islands Commercial Yacht Code (MI-103) should be used as a basis to measure the safety, lifesaving and fire-fighting equipment of a private yacht.