Fees

The RMI now offers two alternative plans for the calculation of initial registration fees and annual tonnage taxes for commercial vessels.

Plan A

Schedule A features the standard fees payable for the registration of a vessel in the RMI. This schedule features lower initial registration fees and slightly higher annual fees.

Plan B

Schedule B features higher initial registration fees and lower annual fees. These fees are based on a sliding scale for various tonnage categories and are suited to larger vessels (in excess of 50,000 GT) and in many cases can bring significant savings over time, it also provides a fleet discount structure.

A Tonnage Tax Calculator is available here. This will provide to the Owners an estimate of the initial registration fees and annual recurring fees based on the tonnage amounts submitted and will assist owners in determining which option is better for their situation.

For more information on fees and fleet discounts please see: MN-1-005-1 , MN-1-005-2, or contact any Regional Office.