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A commercial yacht is any yacht engaged in trade, commerce, on charter not carrying more than 12 passengers. The registration of commercial yachts is limited to those of 24 meters or more in length.
In addition to the requisite legal documents and government approvals, the Republic of the Marshall Islands (RMI) Yacht Registry places a high emphasis on the safe condition of the yacht at the time of registration. Unique to the Yacht Registry is the requirement for an existing yacht to have a full “Suitability for Use” survey prior to registration. This is mandatory for commercial yachts less than 500 GT. While the owner is free to choose his/her surveyor, the surveyor is directed to survey the yacht against the RMI Commercial Yacht Code. Other national and international requirements apply to those commercial yachts 500 GT and over. |
